Bank of America Says the US Could See Inflation Drop Without Recession

The US could see inflation drop like a rock without hitting a recession, Bank of America says   The US could see a big drop in inflation without hitting a recession, Bank of America said. Strategists pointed to the inverted Treasury yield curve, the bond market’s notorious recession gauge. But this time around, the indicator is signaling a hard landing for inflation, not for the economy.  Inflation could be headed for a big drop, and prices could cool significantly without the US having to deal with a recession, according to Bank of America. Strategists pointed to the inverted 2-year and…