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BofA Global Research no longer sees another Fed rate hike in December

BofA Global Research no longer sees another Fed rate hike in December

News
Justin Low
15/11/2023 | 06:25 GMT
  • This follows the softer-than-expected inflation data yesterday

The firm says that "we now think that the hiking cycle is over" in a note dated yesterday, after the release of the US CPI data. For some context, they previously had penciled in a final 25 bps rate hike by the Fed for December.

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