The Fed is fed up with inflation and will bring down the hammer with a series of rate hikes this year, reversing earlier cuts, BofA says
Bank of America warns that the Federal Reserve will abandon its 2024 rate cuts and implement aggressive rate hikes throughout the year to combat persistent inflation exacerbated by new supply shocks. This policy reversal signals the Fed's deteriorating patience with inflation dynamics and represents a significant shift from earlier monetary easing expectations.





