BofA now sees no Fed rate cuts until 2028

Analyst Aditya Bhave said BofA expects the Fed to raise rates by 25 basis points in each of September, October and December, taking the policy rate to 4.25–4.50%. "We think the Fed will stay on hold next year," Bhave wrote, with inflation likely remaining sticky enough to keep the real policy rate from becoming overly restrictive. Is this bullish? 👀 submitted by /u/Legendary-Lemon [link] [comments]