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via economictimes.indiatimes.comEconomy

BofA adds January 2027 Fed hike to forecast after unexpectedly high October CPI

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

BofA Global Research anticipates that the Federal Reserve will implement a rate hike in January 2027. This adjustment follows the unexpectedly high Consumer Price Index report for October. Expectations of a 25-basis-point increase are supported by increasing inflation driven by…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishExpectations of a rate hike push yields higher and weigh on equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01BofA Global Research expects a 25-basis-point Fed hike in January 2027.
  2. 02The October Consumer Price Index report came in unexpectedly high.
  3. 03Goldman Sachs and Deutsche Bank have also revised their forecasts.

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