UPDATE 1-BofA and Goldman push back Fed rate‑cut expectations on inflation risks, jobs data

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UPDATE 1-BofA and Goldman push back Fed rate‑cut expectations on inflation risks, jobs data

AI Summary

Bank of America and Goldman Sachs have adjusted their expectations regarding the Federal Reserve's rate cuts, driven by inflation risks and positive employment data. These financial insights reflect broader economic conditions and potential market movements.

Data ​on Friday showed U.S. ⁠employment increased more than expected in April and the unemployment rate held steady at 4.3%, reinforcing ...

Markets Bank of America Goldman Sachs Fed rate inflation employment data

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