BofA now sees Fed hiking in January, lifts terminal rate forecast
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Bank of America now expects the Federal Reserve to raise interest rates at each of its next three meetings, adding a 25-basis-point hike in January 2027 to its forecast after another hot inflation reading. Our AI stock portfolio is beating the S&P 500 by 118%.…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishExpected further Fed hikes weigh on equities and bonds and support the dollar.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01BofA expects Fed hikes in December, January and March.
- 02The federal funds rate could peak between 4.5% and 4.75%.
- 03The bank cites a hotter-than-expected October CPI reading.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Bank of America Corporation50.51 USDMarket closedtoday -0.32%Negative S&P 5007,592.40Market closedtoday -0.35%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets