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Bank of America now expects the Fed to cut rates after previously seeing no moves this year
After the U.S. economy added just 22,000 jobs last month, BofA altered its forecast of no rate cuts this year to now seeing two quarter percentage point moves.
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cnbc.com
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The Fed is headed toward a 'policy mistake,' says Bank of America
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Here come the Fed rate cuts — and maybe a very big one
Wall Street may get a jumbo-sized Federal Reserve rate cut after another horrid U.S. jobs report.
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Bank of America now expects the Fed to cut rates after previously seeing no moves this year
After the U.S. economy added just 22,000 jobs last month, BofA altered its forecast of no rate cuts this year to now seeing two quarter percentage point moves.
- ·
Wall Street’s dilemma: How Fed rate cut hopes clashed with slowing jobs growth
The S&P 500 and Nasdaq both briefly hit record intraday highs Friday before tumbling on a weaker August jobs report.