Moynihan forecasts Fed to raise rates three times this year in September, November, and December
BAC Bank Of America Corp
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- 1Bank of America (BAC) CEO Brian Moynihan projected that the Fed will raise interest rates three times this year.
- 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.
- 3Minneapolis Fed President Kashkari also stated that a modest rate hike now is needed to prevent inflation from becoming entrenched.
This 3-line summary is compiled from the report below.
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