BofA changes Fed call; now expects three 25bps rate hikes in 2026, and then on hold next year
US intelligence remains sceptical Iran will make the required nuclear concessions, Axios reports
Pakistan PM Sharif says talks produced agreement on establishing a high-level committee for political oversight and beginning further technical talks
BofA changes Fed call; now expects three 25bps rate hikes in 2026, and then on hold next year
[MARKET ANALYSIS] Positive mood music out of the latest US-Iran talks lead oil prices lower
China’s National Medical Products Administration approved Eli Lilly (LLY) Nederland BV’s Inluriyo
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- Sees Fed on hold next year
- Inflation is likely to remain sticky, keeping the real policy rate from becoming overly restrictive.
- "We were sceptical of the need for cuts in 2025. Both the data and our updated read of the Fed’s reaction function suggest it will reverse those cuts in short order."
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