Bank of America forecasting a June rate cut from the Federal Open Market Committee (FOMC) ...Middle East

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Bank of America are forecasting a June rate cut from the Federal Open Market Committee (FOMC), saying they expect that the January topside surprise was a 'blip':CPI report reinforces the Fed’s concern that core services inflation will remain sticky because of a tight labour market. In our view, a March cut is now firmly off the table and the chances of a May cut have significantly reduced. But we remain comfortable with our call for rate cuts to begin in June. While risks are now obviously skewed toward a delay, there will be four more CPI prints before the June decision, which leaves plenty of time to re-establish the disinflation narrative if (as we expect) the January inflation data prove

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Last updated : 15 February 2024 clock 05:57 AM

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Bank of America forecasting a June rate cut from the Federal Open Market Committee (FOMC) ...Middle East

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