Bank of America CEO: The Federal Reserve will keep interest rates unchanged for the next two years
The current pricing of interest rate futures indicates that the Federal Reserve will lower the policy interest rate by 25 basis points to a range of 4.00%-4.25% at its June meeting, and there is over a 70% chance it will cut rates again as early as September. However, Bank of America CEO Brian Moynihan said on Tuesday that the bank expects the Fed to keep rates steady for this year and next. He pointed out at a conference in Washington: "It takes many years to squeeze out inflation, and the Fed's efforts to control inflation are likely to continue until 2026." The Personal Consumption Expenditures (PCE) report expected on Friday will show progress made by the Federal Reserve in combating inflation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
November was the second worst month for Bitcoin this year, with spot ETF recording a $3.48 billion outflow.
KOL reveals that last night's abnormal price crash of SAHARA was caused by its active market maker being liquidated.
Data: KNTQ token valuation reaches 170 millions USD, protocol TVL has dropped by 60%