Bank of America Predicts Three Fed Rate Hikes as Inflation Persists

Walter Bloomberg said on X that Bank of America now expects the Federal Reserve to raise interest rates three times this year, a significant shift from its earlier view that rates would stay unchanged. The bank said stronger economic data, stubborn inflation, and recent comments from Fed Chair Kevin Warsh led to the revised forecast. […] Read The Full Article Bank of America Predicts Three Fed Rate Hikes as Inflation Persists On Coin Edition.