Free Trial

VIEW: BofA Add Another 25bp Hike Into Projections

FED

Bank of America note that “activity data has been noisy, but it is hard to ignore recent inflation data. We revise higher our outlook for headline and core PCE inflation this year by 0.3pp and 0.1pp, respectively, to 3.0% and 2.9% We also add another 25bp rate hike at the June FOMC meeting, bringing the terminal rate to 5.25-5.50%.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.