BofA maintains October Fed rate-hike forecast despite 20% market odds, cites September inflation

Bank of America maintains its forecast for a Federal Reserve rate hike on October 28, despite markets pricing just a 20% probability. BofA says September inflation bolsters the case for a hike and warns core PCE inflation could end the year at 3.4% year-on-year.

Detected & updated continuously · Source: Nebula