BofA says Fed's rate cuts are over with inflation stuck above 2%
A team of economists and strategists at BofA Securities is holding on to its view that the Federal Reserve's interest-rate-cutting cycle is done, considering that the labor market is stabilizing around full employment and inflation is modestly stuck above the central bank's 2% target.
While inflation may be cooling a bit, future prosperity for millennials, Gen Zers, and beyond depends on reversing this economywide bottleneck created by boomers. Forget quiet quitting — let's ...
Some analysts said that the figures could be rising because of temporary factors like supply bottlenecks. Inflation, which measures the rate at which the prices for goods and services increase ...
The unemployment rate also remains low, and inflation is making slow but steady progress towards the committee’s 2% goal, both factors that created a bottleneck in the final decision to cut rates.
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