BANK OF AMERICA STILL EXPECTS AN OCTOBER FED RATE HIKE Bank of America maintains its forecast for a Fed rate hike on October 28, despite ma…
BANK OF AMERICA STILL EXPECTS AN OCTOBER FED RATE HIKE
Bank of America maintains its forecast for a Fed rate hike on October 28, despite markets pricing just a 20% probability.
BofA warns that persistent inflation and strong economic activity could push core PCE inflation to 3.4% by year‑end.
The key takeaway: BofA believes inflation risks justify further tightening, even as investors increasingly expect the Fed to hold rates steady.