BofA Is Sticking With an October Rate Hike Even as Markets Bet Against It
5 Articles
5 Articles
24/7 Wall St.
BizTocBofA Is Sticking With an October Rate Hike Even as Markets Bet Against It
Markets give a Fed rate hike in October just a one-in-five shot, but Bank of America is betting the consensus has it wrong, and the most rate-sensitive bond fund in the market sits dangerously close to a key floor with the decision days away.
Global markets are focused on the Fed's interest rate decision to be announced on October 28, while BofA maintains its October interest rate forecast. Contrary to the weak probability priced into market expectations, BofA has maintained its inflationary outlook since September...
BofA argues that the Fed can still raise rates in October and that the market, which hardly deducts that option, is not ready.The Fed type entry October: BofA alerts to an increase that the market still does not discount first appears on Merca2.
Ahead of the Fed's October 28 interest rate decision, the forecasts of 13 major financial institutions have attracted attention. While BofA expects two rate hikes in October and December, Goldman Sachs, JPMorgan, Morgan Stanley, and 11 other institutions foresee a single hike in December. Details of the banks' year-end interest rate forecasts and the diverging expectations are in our news report.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
