Moynihan forecasts Fed to raise rates three times this year in September, November, and December

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1. 1Bank of America (BAC) CEO Brian Moynihan projected that the Fed will raise interest rates three times this year.
2. 2He sees the rate hikes occurring in September, November, and December, and expects inflation to be in the mid-2% range by the end of 2027.
3. 3Minneapolis Fed President Kashkari also stated that a modest rate hike now is needed to prevent inflation from becoming entrenched.

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