Published 2 years ago

Bank of America expects to raise interest rates by 25bp seven times this year

Summary

0 Articles

All

Left

Center

Right

Reuters

Bank of America expects to raise interest rates by 25bp seven times this year

[Reuters] --The Bank of America (Bank of America), a major US bank, raised interest rates by 25 basis points (bp) seven times this year, starting in March by the Federal Reserve Board (FRB) on the 28th. He showed the view. Bank of America economists said, "I admitted that the Fed is seriously behind." The impact of aggressive tightening on the economy is expected to be delayed, and he said, "it will weigh on economic growth in 2023." The Fed con…

2 years ago·United Kingdom

Read Full Article

OAN

Bank of America says it sees seven Fed rate hikes this year

January 28, 2022(Reuters) – Bank of America economists said on Friday that they expect the Federal Reserve to hike rates by 25 basis points seven times this year, beginning in March, adopting one of the most aggressive views on Fed tightening among major banks.Economists have scrambled to update rate hike expectations since the Fed on Wednesday said it was likely to hike interest rates in March and reaffirmed plans to end its bond purchases …

2 years ago·San Diego, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.