Bank of America Raises 2026 Rate Hike Forecast to Three Hikes, Only 19% of Market Investors Agree

According to Bank of America and Jin10, on June 22, the bank raised its 2026 interest rate forecast to three hikes, shifting from its prior expectation of no rate changes. The adjustment reflects strong economic data and the Federal Reserve's hawkish communications, signaling a more aggressive approach to inflation. However, the forecast remains a minority view; only 19% of market investors currently expect three hikes this year, up from just 3% a week ago. Most investors view two hikes as the most likely outcome.
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