BofA sticks with 25bp Fed hike call, forecasts core PCE at 0.3% m/m

Bank of America says it sticks with its call that the Fed will raise rates by 25bp, though it acknowledges it would be a heavy lift. BofA forecasts core PCE inflation to rise 0.3% m/m (0.35% unrounded), twice the rate needed to annualize to 2.0%.

Detected & updated continuously · Source: Nebula