BofA Predicts Fed Rate Hike After Strong Jobs Report as Brokers Adjust Forecasts

Reported 3 months ago

Following an unexpectedly high U.S. jobs report, Bank of America has shifted its outlook to anticipate a possible rate hike from the Federal Reserve, predicting the end of the rate-cutting cycle. Nonfarm payrolls rose by 256,000, exceeding expectations and leading major firms like J.P. Morgan and Goldman Sachs to revise their forecasts for a rate cut to June, moving away from a previously anticipated March cut.

Source: YAHOO

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