Big banks push rate cut forecasts further [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
The Fed continues to affirm that rate cuts won't come until inflation is much closer to that target date, a point reiterated by Bank of America CEO Brian Moynihan, who spoke to Yahoo Finance Executive Editor Brian Sozzi about potential policy decisions from the Fed. Due to this current stance, many of the big banks have adjusted their rate cut forecasts to later in the year, including Bank of America, which has pushed back its forecast to December of this year. Yahoo Finance Reporter Josh Schafer joins The Morning Brief to break down the adjusted forecasts for a rate cut and how this will impact the market . For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
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