Institutional concerns over a potential recession have surged to 39%, according to the most recent Bank of America Global Fund Managers survey. Included in that survey, however, is the fact that 76% of respondents believe the economy is headed for a soft landing scenario. Something to note is that half of investors in August believe that the Federal Reserve will make 4 or more cuts to interest rates within the next 12 months.
Yahoo Finance markets reporter Josh Schafer joins Morning Brief to break down the BoFA survey and give context to where that fear comes from.
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