A post by @DeItaone on X.
BANK OF AMERICA WARNS FED COULD DELIVER 50BPS HIKE IN DECEMBER
@DeItaone on X
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Bank of America warned that the Federal Reserve could deliver a 50-basis-point rate hike in December after October's hotter-than-expected inflation data, which the bank said virtually guarantees a December increase. Headline CPI rose 0.4% for the month, while core CPI climbed 0.3%, its third consecutive gain at that pace. The call points to a larger move than the standard quarter-point step, signaling inflation remains sticky enough to keep policy tightening aggressive. Markets will watch upcoming inflation and labor data, along with Fed commentary, for confirmation of whether a half-point hike is delivered.
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Named in this story
Federal Reserve, Bank of America (BAC), Walter Bloomberg
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