Walter BloombergFinance

BANK OF AMERICA SEES THREE FED HIKES Bank of America expects the Federal Reserve to raise interest rates three times this year, shifting fr…

BANK OF AMERICA SEES THREE FED HIKES Bank of America expects the Federal Reserve to raise interest rates three times this year, shifting from its prior view of no changes. The bank cites stronger economic data and a more hawkish Fed tone focused on inflation under new chair Kevin Warsh. Markets are pricing higher yields, though most investors still expect fewer hikes.
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