Bank of America Research economists remain convinced that the Federal Reserve will not cut interest rates in 2025, despite a recent wave of disappointing jobs data fueling market speculation of an imminent policy shift. The reason, according to a new research note: The U.S. economy is headed toward a battle with stagflation—not recession—and cutting rates could worsen that toxic mix of …
Read More »Bank of America sees stagflation, not recession—and no rate cut this year. It’s because of 2 specific Trump policies
