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BoA forecast 3 more Fed rate hikes to terminal rate of 5.25% in March, cuts from Dec '23

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

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