Bank of America: No Longer Expects Fed to Cut Rates This Year
Stephen Juneau, an economist at Bank of America, said in a report on Monday that "after the release of stronger-than-expected employment reports, we have revised our outlook for the Federal Reserve: we no longer expect any further interest rate cuts, inflation is higher than the target level, risks are biased upwards, economic activity is strong, and the labor market seems to have stabilized."
As recently as September last year, Fed officials hinted at a possible one-point interest rate cut this year. They halved that expectation at their December interest rate meeting last year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Do Not Lose Sleep Over Shiba Inu! Hold These Coins To Sleep Better At Night.
5 Hidden Gems That Could Outperform Ethereum in 2025—The Time to Buy Is Now
A whale leveraged to buy TRUMP and SOL, making a profit of more than $41.6 million
U.S. Senator Warren questions Trump's Commerce Secretary nominee Lutnick's relationship with Tether