BofA: Fed May Raise Interest Rates Above 5% – What It “Sees” for Bonds
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Investors should be prepared for the possibility that the Federal Reserve will raise its key interest rate above 5%, according to strategists at Bank of America, who estimate that the market is still underestimating the height to which the new cycle of increases can reach. The estimate comes after the Fed's latest interest rate hike, with a team of BofA strategists, led by Mark Cabana and Megan Schwiber, arguing that the final level of interest …
Bank of America strategists are predicting a further increase in Federal Reserve interest rates above 5% (
Investors should prepare for a scenario in which the US central bank, the Federal Reserve, will raise its key interest rate to above 5 percent, according to strategists from Bank of America, according to Bloomberg News.
BofA's strategy team, which includes Mark Cabana and Meghan Swiber, is urging investors to prepare for higher yields on short-term U.S. bonds.
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