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Goldman Sachs and BofA see a 'close call' on June Fed but market now sees 70% hike odds

Higher interest rates aren't yet hitting the consumer hard or bringing inflation back to target, according to today's April PCE report. Inflation rose 4.4% y/y in an acceleration from 4.2% previously while personal spending surged 0.8% in the month.Bank of America has reaffirmed its base case expectation that the Federal Reserve will not implement a rate hike in June, though the bank maintains an inclination towards a hike in the future, noting that it's a "close call". According to BofA, three... Read More

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Posted: May 26 2023, 19:27

Author Name: forexlive

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