Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says

• Don't rule out a hard landing for the US economy just yet, according to Bank of America.
• Strategists led by Michael Hartnett warned that oil, the dollar, and the Federal Reserve all still pose a threat.
• Their gloomy outlook clashes with much of Wall Street, with top banks and the Fed itself having shelved their recession predictions.

The US economy isn't in the clear just yet because of the triple threat posed by rising oil prices, the dollar, and the Federal Reserve, according to Bank of America.

Strategists led by Michael Hartnett said Friday that there remains a risk of a "hard landing" – which refers to a sharp downturn in economic activity that follows a period of growth.