BofA forecasts 75 bps of rate hikes in 2026 on labour market resilience, new Fed chair
Bank of America and PGIM predict three rate hikes this year, citing labour market strength and new Fed leadership
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The brief
This shift comes amid indications of a resilient labour market and the appointment of a new Fed chair. Coverage from WSJ, Bloomberg, Cryptonews, investingLive and Reuters emphasizes the change in outlook from both Bank of America and PGIM.
The reports highlight the potential for three rate hikes, with Bank of America specifically forecasting 75 basis points of increases. Watch for further reactions from financial institutions and analysts.
Coverage does not yet specify the timing of the expected rate hikes.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: unsupported claims removed (83% supported) Updated 20d ago.
Quick answers
Which institutions have revised their rate hike forecasts?
Bank of America and US asset manager PGIM have both revised their forecasts to predict three rate hikes in 2026.
What factors are contributing to the revised forecasts?
The revised forecasts are attributed to a resilient labour market and the appointment of a new Federal Reserve chair.
How many basis points of rate hikes are expected according to Bank of America?
Bank of America forecasts 75 basis points of rate hikes in 2026.
Coverage (5)
- Could the Fed Raise Rates Three Times This Year? Bank of America Says Yes. WSJ · 22d ago
- US Asset Manager PGIM Flips Fed View, Sees Three Hikes This Year Bloomberg.com · 22d ago
- Bank of America Makes a Sharp U-turn: How Many Times and in Which Months is the Fed Expected to Raise Interest Rates? Cryptonews.net · 22d ago
- BofA now expects Fed to hike interest rates three times this year investingLive · 22d ago
- BofA forecasts 75 bps of rate hikes in 2026 on labour market resilience, new Fed chair Reuters · 22d ago
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