Bank of America: Fed’s Inflation Problem ‘Unambiguously Worse’ as It Forecasts 3 Rate Hikes in 2026
Key Takeaways Bank of America forecasts three 25-basis-point Fed hikes in September, October, and December of this year. BofA Economist Aditya Bhave believes the Fed’s inflation problem has gotten “unambiguously worse” over the last couple of years. The projected hikes would lift the federal funds rate to 4.25%-4.5%, a headwind for crypto. A Sharp Reversal…