- There are growing signs the US economy is about to enter a full-blown recession, said Bank of America.
- The bank cited worrying signs in manufacturing and the jobs market, and said investors aren't paying attention to the risks.
- "Investors too optimistic on rate cuts and not pessimistic enough on recession," BofA said.
Fears of an imminent recession have reached a fever pitch this year, with everyone from Wall Street market strategists to company CEOs warnings of a slowdown in the US economy.