Bank of America keeps October rate hike call despite markets
Markets see only about a one-in-five chance of a Federal Reserve hike in October, while Bank of America expects one anyway. A Reuters poll instead points to a December increase.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Markets put only a one-in-five chance on a Federal Reserve rate hike in October, but Bank of America is standing by its call for one. A Reuters poll found the Fed is expected to skip October and raise rates in December instead.
Why it matters
The October decision is days away, and the most rate-sensitive bond fund sits dangerously close to a key floor, according to the reports.
Coverage
- Federal Reserve seen skipping Oct rate hike but hiking in Dec (Investing.com)
- BofA Is Sticking With an October Rate Hike Even as Markets Bet Against It (Yahoo News)
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