BofA CEO Moynihan said activity in the U.S. housing market will probably slow for two years as the Federal Reserve raises interest rates.
Inversion of US Treasury yield curve flashing long-term interest rates have peaked, stocks bottomed out, and Fed tightening approaching limit.
Inflation has soared to a 40-year-high, and like nearly everything else, auto insurance rates are increasing.
Black Friday marked the unofficial start to the holiday shopping season, but experts said people would likely spend less this year due to inflation.