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Bank of America still look for 1 more Fed rate hike, +25bp in November (75bp cuts in 2024)

Bank of America still look for 1 more Fed rate hike, +25bp in November (75bp cuts in 2024)
Bank of America says hawks and doves both got something from Jackson Hole:BoA's main takeaways:Fed Chair Powell's speech at Jackson Hole was somewhat balanced, with hawkish and dovish elements. Markets took the comments as slightly hawkish, moving closer to our call for a 25bp hike in Nov & only 75bp of cuts in 2024.We remain comfortable with our call for one more 25bp hike in November and 75bp of cuts next year, starting in June and proceeding at a quarterly cadence. This arti... Read More
Posted: Aug 28 2023, 22:53
Author Name: forexlive
Views: 111754

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