Reported 4 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