BANK OF AMERICA: INTEREST RATE HIKE SHOULD RETURN TO FED’S DISCUSSION TABLE

BANK OF AMERICA: INTEREST RATE HIKE SHOULD RETURN TO FED’S DISCUSSION TABLE
BANK OF AMERICA: INTEREST RATE HIKE SHOULD RETURN TO FED’S DISCUSSION TABLE

BANK OF AMERICA: INTEREST RATE HIKE SHOULD RETURN TO FED’S DISCUSSION TABLE

Bank of America analysts review US inflation data, highlighting a 7-month high in January CPI.

The headline CPI rose by 0.5% in January, pushing the annual rate to 3.0%.

Core CPI, excluding food and energy, rose by 0.4%, bringing the annual figure to 3.3%.

The inflation data strengthens the Fed’s position to suspend its interest rate cutting cycle.

Bank of America suggests the Fed has no reason to cut rates further, as inflation remains above the 2% target.

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