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"Following the stronger-than-expected jobs report, we revised our outlook for the Fed: we no longer expect any further rate cuts, inflation is above target, risks are skewed to the upside, economic activity is strong and the labor market appears to have stabilized," Bank of America economist Stephen Juneau said in a note on Monday. As recently as September last year, Fed officials hinted that they could cut interest rates by one percentage point this year. They halved that expectation at their D...
Stephen Juneau, US economist at Bank of America, said, "We still expect the Federal Reserve to cut rates in December, we think the data will be in line with expectations, but it's also understandable why the market feels this is a bit of a coin flip, the US economy is still very strong and inflation is still above target. We will see deregulation, looser fiscal policy, more protectionist trade policy and stricter immigration policies. All of which would pose upside risks to inflation.... the Fed...
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