Economic news
BofA Global Research no longer expects Fed rate hike in Dec
2023.11.15 00:59
© Reuters. FILE PHOTO: The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo
(Reuters) – BofA Global Research no longer expects the U.S. Federal Reserve to deliver another interest rate hike in December, following a softer-than-expected inflation reading for October.
The brokerage had previously forecasted a final 25 basis points hike.
“We now think that the hiking cycle is over,” BofA economists led by Stephen Juneau said in a note dated Tuesday.
