Morning Market Tidbits

BofA has significantly pushed back its forecast for Federal Reserve interest rate cuts to late 2027, citing sticky inflation and a strengthening labor market.

Key Takeaways

• 1.The Fed is no longer expected to cut interest rates in 2026; the first two cuts are now pushed to July-September 2027.
• 2.Inflation remains stubbornly above target with additional risks from oil price pass-throughs.
• 3.The labor market is showing resilience with solid jobs reports and range-bound unemployment, reducing downside risks.

Table of Contents

• Key takeaways
• What Matters Today: This time really is different for the labor market
• Fed: no cuts this year
• US GDP Tracking
• Today's economic calendar

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