Fed unlikely to cut interest rates until 2027, Bank of America says

Bank of America predicts the Federal Reserve will delay lowering interest rates until the second half of 2027, mainly due to strong inflation and resilient job growth . Bank of America Global Research had previously penciled in two rate cuts this year in September and October. That view was partly based on the expectation that Kevin Warsh , President Trump's nominee to succeed Jerome Powell as Fed chair, would steer policymakers toward easing monetary policy. …