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Bank of America’s Chief Predicts Delayed Fed Rate Cuts Amid Persistent Inflation
Bank of America’s Chief Predicts Delayed Fed Rate Cuts Amid Persistent Inflation
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BTCCSquare news:
Brian Moynihan, CEO of Bank of America, asserts that the Federal Reserve is unlikely to cut interest rates before 2026, citing stubborn inflation and economic resilience. The bank’s economists project modest GDP growth of 1-1.5% through 2025, with no recession in sight.
Consumer spending surged over 5% year-over-year in July 2025, underscoring the economy’s durability. This robust activity, coupled with elevated price pressures, leaves little room for monetary easing in the NEAR term.
Market expectations for rate cuts now clash with institutional forecasts. Moynihan’s remarks signal a prolonged period of restrictive policy—a headwind for risk assets but a potential tailwind for stablecoins and yield-bearing crypto instruments.
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