BofA: We look to fade any hawkish knee-jerk FOM reactions ...Middle East

BofA advises against reacting to any initial hawkish market responses following the September FOMC meeting. They anticipate a 25bps rate cut and expect the Fed’s dot plot to exceed market expectations, but expect Powell’s tone to remain dovish.Key Points:Market Uncertainty:High Uncertainty: The market is highly uncertain about the September FOMC meeting, reflecting varied expectations.Rate Cut and Dot Plot Expectations:Anticipated Cut: BofA expects the FOMC to announce a 25bps rate cut.Dot Plot: They predict the Fed’s dot plot will be above market expectations, potentially signaling a more cautious approach to future rate cuts.Powell’s Likely Tone:Dovish Outlook: BofA expects Fed Chair Powel

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