BofA Warns of Warsh’s Fed Hiking Rate Above 5% in 2022 Redux
Bank of America strategists warned investors that the Federal Reserve could raise its benchmark interest rate above 5%. The firm suggests this risk mirrors the 2022 rate-hiking cycle. Investors are advised to prepare for potential further increases from current levels.
It’s time for investors to prepare for the risk that the Federal Reserve raises its benchmark rate above 5%, according to Bank of America Corp. strategists.
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