Fed unlikely to cut interest rates until second half of 2027, Bank of America says
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Bank of America predicts the Federal Reserve will delay lowering interest rates until the second half of 2027, mainly due to strong inflation and resilient job growth . Bank of America Global Research had previously penciled in two rate cuts this year in September and October. That view was partly based on the expectation that Kevin Warsh , President Trump's nominee to succeed Jerome Powell as Fed chair, would steer policymakers toward easing monetary policy. But that view has changed amid a
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