Business

Record Stock Markets and Inflation

Updated 2026-06-05 12:00 UTC 1 source Negative

The global stock market boom is creating a wealth effect for some Americans but exacerbating inflationary pressures. Bank of America warns that lower-income consumers are being left behind as the economy heats up.

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MarketWatch

Here’s the downside to record-setting stock markets across the globe that are generating a wealth boom

While some Americans are enjoying the fruits of the stock market bonanza, their consumption is stirring inflation and lower-income consumers are missing out altogether, says Bank of America.

2026-06-05 11:49 UTC