Fed Cuts Rates, Signals More Easing: What Does This Mean for Banks? [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
On Wednesday, at the end of a two-day FOMC meeting, the Federal Reserve kicked off an easing cycle and cut interest rates by 25 basis points (bps) to 4.00-4.25%, marking the end of a nine-month pause. The weakening labor market forced the central bank to change its course despite inflation remaining stubbornly high at 2.9% in August as firms pass on tariff costs to consumers. The Fed officials anticipate two more rate cuts in 2025, which will bring rates down to 3.50-3.75% by December. Per the latest Summary of Economic Projections, the central bank raised its outlook for economic growth this year to 1.6% from 1.4% projected in June, while affirming expectations for inflation and unemployment at 3% and 4.5%, respectively. These updated expectations drove investor optimism for bank stocks. Banks, including JPMorgan JPM, Bank of America BAC, First Horizon FHN, BNY Mellon BK and Citizens Financial Group CFG, touched new 52-week highs. While banks generally thrive in a rising rate en
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BAC
Earnings
- 10/15/25 - Beat
BAC
Sec Filings
- 12/22/25 - Form 424B2
- 12/22/25 - Form 424B2
- 12/22/25 - Form FWP
- BAC's page on the SEC website