Bank of America economists said on Friday that they expect the Federal Reserve to hike rates by 25 basis points seven times this year, beginning in March, adopting one of the most aggressive views on Fed tightening among major banks.
“The Fed has all but admitted that it is seriously behind the curve,” the Bank of America economists said in a report, adding that the aggressive tightening “should affect the economy with a lag, weighing on 2023 growth.” Fed funds futures traders are pricing in almost five interest rate increases by year-end, with four likely by September.
Has to happen... waited way too long.. now ppl are going to feel the burn... house firesales are coming.
TaxTheRich
globebusiness never gonna happen
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