Reported about 15 hours ago
Bank of America predicts that there will be no interest rate cuts in 2025, driven by strong job market data that suggests stability in the economy. Senior investment strategist Lauren Sanfilippo highlights that the recent jobs report has reduced expectations for rate cuts this year, indicating that inflation may remain in the 2 to 3% range. She advises not to overreact to single reports, emphasizing a need for portfolio rebalancing ahead of upcoming market changes.
Source: YAHOO