Only a deep recession can bring down high inflation: Bank of America - Markets Insider

"It is going to take time to cool off the labor market and even more time to lower labor cost-driven inflation," analysts wrote.

Inflation has proved anything but transitory, and it's going to take a deep recession to tame the sticky high prices, according to Bank of America. In a Friday note, the bank's analysts said marke… [+1781 chars]

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