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ICYMI: BoA says next FOMC interest rate hike will come in November instead of September
Bank of America responding after the PPI data on Friday out of the US. ICYMI:Forexlive Americas FX news wrap: PPI rattles the bond marketBoA argues that despite the unexpected jump in the PPI the Fed's FOMC isn’t likely to raise rates at its next policy meeting on September 19-20. BoA analysts moved their forecast for what they expect to be the final rate hike to the October 31 - November 1 meeting:“waiting an additional six weeks would give the Fed more time to assess the trajectory of the econ...
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Posted: Aug 13 2023, 23:04
Author Name: forexlive
Views: 112298