BofA adds January Fed hike to forecast, says quarterly pace no longer enough
BofA Global Research anticipates that the Federal Reserve will implement a rate hike in January 2027. This adjustment follows the unexpectedly high Consumer Price Index report for October. Expectations of a 25-basis-point increase are supported by increasing inflation driven by various factors. Other banks like Goldman Sachs and Deutsche Bank have also revised their forecasts in...
Key Takeaways
- BofA Global Research anticipates that the Federal Reserve will implement a rate hike in January 2027.
- This adjustment follows the unexpectedly high Consumer Price Index report for October.
- Expectations of a 25-basis-point increase are supported by increasing inflation driven by various factors.
BofA Global Research anticipates that the Federal Reserve will implement a rate hike in January 2027. This adjustment follows the unexpectedly high Consumer Price Index report for October. Expectations of a 25-basis-point increase are supported by increasing inflation driven by various factors. Other banks like Goldman Sachs and Deutsche Bank have also revised their forecasts in light of recent data.
Original Publisher Attribution
This summary was curated from Economic Times.