Financial institution of America CEO: We don't anticipate the Fed to chop charges additional

Lengthy-time Financial institution of America CEO says their expectation is that the Fed will not minimize charges in any respect this yr and into subsequent yr.

That runs in opposition to the current pattern in markets, which is now priced for 55 bps in easing this yr up from 41 bps a pair weeks in the past. That is attributable to some softer financial information and sentiment.

This text was written by Adam Button at www.ubaidahsan.com.



Source link