BofA expects a Dec rate cut from Fed ...Middle East

BofA expects the Fed to start cutting in December:Persistent Inflation: Inflation is expected to remain above the Fed's 2% target until 2026 due to strong labor demand and increased consumer spending.Gradual Rate Cuts: The Fed is expected to start easing rates in December 2024, with cuts continuing quarterly to a terminal rate of 3.5-3.75% by 2026.Risk of Sticky Inflation: A key risk identified is that inflation might remain sticky, necessitating the Fed to keep rates higher for longer than anticipatePossible Implications:Fixed income: The higher-for-longer interest rate environment implies a challenging period for bond prices, which typically inversely correlate with interest rates.US Dolla

Read More Details
Finally We wish PressBee provided you with enough information of ( BofA expects a Dec rate cut from Fed )

Also on site :

• Possible tornado in Phelps on Monday
• Evacuations ordered after brush fire breaks out in Laguna Beach
• Photos: A blaze at Cairo telecommunications building causes service disruptions