BoA Securites raised US progress and inflation forecasts, see fewer Fed rate of interest cuts

Catching up on this from Financial institution of America Securites.

Analysts there are bullish on the US financial system, seeing resilience, added indicators of progress in productiveness:

• thus see larger financial progress
• see high-for-longer rates of interest, forecast the next Fed terminal charge at four%.

BoA are cautious of uncertainty across the incoming Trump administration. The analysts assess that coverage adjustments will are inclined to drive inflation larger however damaging impacts on progress needs to be cancelled out by constructive impacts:

• suppose draw back dangers to progress are bigger for the remainder of the world than for the U.S.

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The subsequent Federal Open Market Committee (FOMC) assembly is December 17-18. For 2025:

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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