BofA's Moynihan: Trump is after the appropriate factor which is legal guidelines, guidelines & laws

Financial institution of America Moyinhan was on CNBC and stated:

• Trump is after the appropriate factor which is legal guidelines, guidelines, laws round its trade
• Their economists imagine there can be no recession.
• Imagine the US financial system will develop about 1 half% this 12 months
• The Fed is not going to lower charges as a result of inflation will take longer to get down.
• Fed will lower charges in 2026

The market is now pricing a 91% likelihood for a lower in September to four.00% to four.25% and a 58% likelihood for a lower in October, with the expectations 42 cuts by the top of the 12 months.

This text was written by Emma Wang at investinglive.com.