The Fed is fed up with inflation and will bring down the hammer with a series of rate hikes this year, reversing earlier cuts, BofA says | Fortune

The Fed is fed up with inflation and will bring down the hammer with a series of rate hikes this year,…

Bank of America forecasts three Fed rate hikes this year to 4.25%-4.5% as inflation rises above 3%, driven by tariffs and sticky services. Higher rates compress tech valuations, reduce startup funding, and reshape IT capex and M&A decisions.