Ethan Harris

Some investors may have been spooked by a new Harris poll published this week that found 84% of Americans plan to cut back on their spending in response to higher gasoline prices. A drop in consumer spending could be bad news for the SPDR S&P 500 ETF Trust (NYSE: SPY), but Bank of America...

The U.S. Federal Reserve raised its target Fed funds rate by 0.25% earlier this month, its first interest rate hike since 2018. The Fed's updated dot plot projections are calling for six more 0.25% rate hikes in 2022, but the latest comments from Fed Chair Jerome Powell suggest the Fed may be...

The SPDR S&P 500 ETF Trust (NYSE: SPY) ripped higher by 3.2% on Wednesday as many swing states continue to count election votes. The election is shaping up to be one of the closest in history, and several analysts and experts have weighed in on what that could mean for investors in the days and...

The United Kingdom held a vote last week to decide the fate of the country's membership within the greater European Union. The question that still baffles many experts is what this has to do with the United States and why the economy is so sensitive to events across the pond. Even though the U.S....

In a new report, Bank of America analyst Ethan Harris discussed the recent market action in response to China and looked at the probability that the S&P 500’s decline is indicative of a recession on the horizon in the United States. Despite a relatively high score on the firm’s...

In a report published Friday, Bank of America analyst Ethan Harris explored the "what's next" scenario, as the Federal Reserve's September rate hike isn't completely out of the question. Harris may have been the first to coin the term "Fedophobia" back at the end of July when he noted that the...

From small companies to large corporations, hiring of temporary workers is up. Newsday reported that, in addition to many small businesses, companies like Wal-Mart (NYSE: WMT), General Motors (NYSE: GM), and PepsiCo (NYSE: PEP) are increasingly using part time help, or as Susan Houseman, an...

On Friday, Bank of America's (NYSE: BAC) Chief North American Economist Ethan Harris wrote a note suggesting that the risk of a sell-off in American equity markets is high. He said that the U.S. economy "is in the eye of the storm" and pointed to a number of headwinds. BofA Strategists Arjun Mehra...