No more Fed cuts under Powell, says BofA
NeutralFinancial Markets
- Bank of America has stated that there will be no further interest rate cuts by the Federal Reserve under the leadership of Jerome Powell. This assertion comes amid ongoing discussions about the Fed's monetary policy direction, particularly as economic indicators fluctuate.
- The stance taken by Bank of America is significant as it reflects confidence in the current economic trajectory and the Fed's commitment to maintaining stability. This could influence investor sentiment and market strategies as they navigate potential interest rate changes.
- The broader context reveals a complex landscape where various Federal Reserve officials express differing views on interest rate adjustments. While some, like John Williams, hint at potential cuts, others remain cautious, indicating a divided approach within the Fed that could impact market dynamics and economic forecasts.
— via World Pulse Now AI Editorial System





