Infiniti Feed··By Infiniti Oracle
Bank of America maintains October Fed rate hike forecast despite market pricing of about 20 percent, IndexBox reports
- Bank of America maintains October Fed rate hike forecast despite market pricing of about 20 percent, IndexBox reports — IndexBox, citing an Investing.com report of a Bank of America note issued Monday, said the bank maintained its forecast that the Federal Reserve will raise rates at the October 27-28 meeting even though market pricing assigned about a 20 percent probability to an increase. The bank cited September inflation data and projected core PCE could finish the year at 3.4 percent year over year. (IndexBox)
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