BofA: Reevaluation of Fed rate cut timeline following the March CPI report ...Middle East

Bank of America reexamines the Federal Reserve's potential rate cut timeline after the March Consumer Price Index report surpassed expectations, marking the third consecutive month of higher-than-anticipated core inflation rates. Despite retaining a tentative prediction for a rate cut in June, BofA expresses low confidence in this forecast due to the persistence of inflation, particularly in non-shelter services and shelter costs. The March CPI data suggests that the beginning of the Fed's easing cycle might be postponed, with possible delays extending to December of this year or even March of the next.Key Points:Persistent Core Inflation: March's CPI data revealed a continuation of sticky i

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