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Wells Fargo sees US Fed rate hike of 25 bps this year amid inflation pressures - cryptobriefing.com
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Wells Fargo sees US Fed rate hike of 25 bps this year amid inflation pressures cryptobriefing.com
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BOFA GLOBAL RESEARCHBofA Global Research
Signals & Noise: Our case for 3 rate hikes this year
The desk supports the view of three additional 25bp Fed rate hikes in the coming months, as articulated by Aditya Bhave from BofA Global Research. The rationale hinges on persistent labor market strength and elevated core inflation figures, which suggest that current monetary policy remains excessively accommodative. Per the full note [source], emerging concerns about the softness in CPI data have not deterred BofA from maintaining this hawkish outlook. This position indicates potential upward pressure on the USD as the market begins to price in a firmer trajectory for interest rates amidst skewed inflation fears.
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