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Bank of America says the Federal Reserve could take Fed Funds to 6% in the next 12 months
A Bank of America research note issued on Friday says the Federal Open Market Committee (FOMC) could take the Fed Funds rate up to 6% in the next year. "Fed ain't done with hikes" says BoA citing persistently high inflation rate hikes could usher in 4% unemployment, or higherSays there is a 25% chance of a US recession next yeareven without a recession, there is a 70% chance of a slowdown---The Federal Open Market Committee (FOMC) meet this week. The meeting is very much 'live'. How's the Fed ou...
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Posted: Jun 11 2023, 21:34
Author Name: forexlive
Views: 111643