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Bank of America said that global stock and bond markets have lost about $46.1 trillion of their market value since November 2021, explaining that these losses are due to raising interest rates and the shock of quantitative tightening by the Federal Reserve.
“Bank of America” indicated that the losses in global markets will not stop until the Federal Reserve ends the policy of raising interest rates in coordination with other central banks, as reported by “Al-Anbaa.”
The bank stated that the strong decline led to the forced liquidation of the “Wall Street” stock exchange, which may explain the recent decline in shares.