The Bank of America recently shared its thoughts on the upcoming interest rate decisions by the Federal Reserve. They predict that the Fed might cut interest rates by 25 basis points in both November and December due to the weak October non-farm payroll data. The bank is also of the opinion that the Fed will focus on the economy’s stability and its progress towards reaching the inflation target.
Moreover, with the possibility of Trump’s return to the White House, the Fed could be more cautious in its future decisions.
