Bank of America makes surprising pivot on interest rates - Yahoo …
18 hours ago · On Dec. 18, the central bank announced its third and final interest rate cut of the year, reducing its benchmark Federal Funds Rate by 0.25 percentage points to between 4.25% and 4.5%.
With inflation reports looming, Bank of America sees no Fed rate cuts ...
15 hours ago · Steady inflation and a surprisingly solid labor market have led BofA economists to take off the table the prospect of any easing this year.
Fed rate cuts are already over after they barely started as ... - MSN
The Federal Reserve's rate-cutting cycle is already done as the latest jobs report revealed an economy and labor market that are stronger than expected, according to analysts at Bank of America.
Wall Street Economists Lose Faith in Fed Interest Rate Cuts on …
3 days ago · Economists at Bank of America Corp., Citigroup Inc. and Goldman Sachs Group Inc. pared back their forecasts for additional Federal Reserve interest-rate cuts in response to stronger-than-expected ...
BofA sees no Fed rate cuts in 2025 after ‘gangbusters’ Dec jobs …
The Federal Open Market Committee slashed rates by 100 basis points in 2024, to a 4.25%-4.5% range. Separately, Goldman Sachs now expects two quarter-point rate reductions this year, down from its ...
Bank of America Signals End to Fed Rate Cuts Amid Robust Job …
3 days ago · Bank of America (BofA) has revised its forecast, stating the Federal Reserves rate-cutting cycle has concluded. This shift follows a stronger-than-expected December jobs report, which revealed a ...
BofA bets on a potential Fed rate hike after jobs report, top Wall …
3 days ago · Top Wall-Street brokerages revised their Fed rate cut forecasts, after a blow-out U.S. jobs report on Friday, with BofA Global Research forecasting a potential rate hike from the central bank.
Fed Rate Cuts Are Over, BofA Says. Why Hikes Could Be Back
All of that leads economists at Bank of America to believe it’s time to end the discussions about further interest-rate cuts by the Federal Reserve. “Gi Progress on bringing down inflation has ...
Bank of America Highlights the Murky Outlook for Fed Rate Cuts
Jul 16, 2024 · The angst on Wall Street over how much the Federal Reserve will cut interest rates this year was laid bare in Bank of America Corp.’s latest results.
Fed rate cuts were so 2024. There are risks the next move could …
After the "gangbuster" December jobs report, the Federal Reserve's rate-cutting cycle is over, said Aditya Bhave, senior U.S. economist at BofA Global Research. "Our base case has the Fed on an ...