Bank of America predicts the Federal Reserve will hike interest rates two more times in 2026, following a 25 basis-point hike in September. The bank cites a strong economy and sticky inflation, with CPI at 3.4% year-over-year, as reasons. Additionally, BofA suggests rate hikes have become politically expedient for Fed Chair Kevin Warsh. Market consensus is for only one more hike in 2026.
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