Express
Bank of America: Predicts No Rate Cut by Fed This Year, US Economy to Avoid Recession
Summary: According to reports, Bank of America predicts that despite market expectations for a rate cut, the US economy will avoid a recession in 2025, and the Fed will not cut rates this year. The bank points out that strong consumer spending and rising commodity inflation indicate the economy continues to show resilience, and mentions that ...
According to reports, Bank of America predicts that despite market expectations for a rate cut, the US economy will avoid a recession in 2025, and the Fed will not cut rates this year. The bank points out that strong consumer spending and rising commodity inflation indicate the economy continues to show resilience, and mentions that June retail sales data exceeded expectations.
Bank of America warns that rate cuts driven by political motives may disrupt inflation expectations stability and increase credit risks. Looking ahead, the bank expects a slight increase in unemployment claims, stable housing data, and a possible 11% decrease in durable goods orders announced on Friday.
Tags:
Link: Bank of America: Predicts No Rate Cut by Fed This Year, US Economy to Avoid Recession [Copy]
