BoA shifts its Nov FOMC call to a 25bps cut (down from 50bps), now expecting 25bps cuts per meeting until March, then 25bps per quarter until the end of 2025. The terminal rate projection moves up to 3.0-3.25%.
#FederalReserve #InterestRates #BoFA #Economy #MonetaryPolicy
#FederalReserve #InterestRates #BoFA #Economy #MonetaryPolicy