Bank of America: Fed’s Inflation Problem ‘Unambiguously Worse’ as It Forecasts 3 Rate Hikes in 2026

Bank of America now expects the Federal Reserve to raise interest rates three times in 2026, reversing its earlier call for the central bank to stay on hold. The shift follows a warning that the Fed’s inflation problem has become “unambiguously worse.” A Sharp Reversal Bank of America’s economics team made the hawkish call this […]...