BofA adds January 2027 Fed rate hike to forecast
BofA Global Research said on Friday it now expects the Federal Reserve to raise rates by another 25 basis points in January 2027, on top of its prior forecast of hikes in December and March, after a hotter-than-expected October CPI reading boosted bets on higher borrowing costs.
"After October CPI, the Fed looks further behind the curve on inflation. It no longer has the luxury of hiking at a quarterly pace," strategists at BofA said in a note.
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