Bank of America delays Federal Reserve rate cut expectations until 2027
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The bank noted that the Federal Reserve's policy stance has become more hawkish and inflation remains persistently above target levels, compounded by continued high price pressures from oil prices. At the same time, strong growth in private sector employment and a stable unemployment rate also imply a decreased urgency for the Federal Reserve to cut interest rates. Bank of America stated that recent economic data does not show signs of labor market weakening necessary for the early adoption of accommodative policy.
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