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BoA forecast 3 more Fed rate hikes to terminal rate of 5.25% in March, cuts from Dec '23
Snippet from Bank of America
- US economy to enter a recession around the middle of 2023
- expects the Federal Reserve to hike rates 3 more times
- peak of 5.25% in March 2023
- will likely begin cutting rates in December 2023
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ps. We hear from Federal Reserve System Chair Powell on Wednesday, US time.
To speak at a Brookings Institution event on Wednesday about the outlook for U.S. economy and labor market.
Posted: Nov 30 2022, 00:58
Author Name: forexlive
Views: 111624