Stocks slide as Dow records worst week since October, investors concerned about future interest rate hikes

In a global research report Friday, Bank of America economists noted that consumers are roaring back and businesses are ramping up investment. “We are at the halfway mark and 2021 is shaping up to be one blistering hot year,” the report said. The burst in demand, however, is colliding with constrained supply, leading to higher inflation, according to the economists, but the Fed is still waiting for more data before raising rates.

Source: WP