BofA and Goldman push back Fed rate‑cut expectations on inflation risks, jobs data

AI Summary

BofA Global Research has revised its expectations for the Federal Reserve's actions regarding interest rates. The bank now anticipates that the Fed will remain on hold this year, projecting rate cuts in 2027 due to inflation risks and current jobs data.

BofA Global Research now expects the Fed to remain on hold for the rest of this year, with two 25bp cuts in July and September 2027, while ...