The Federal Reserve has tolerated inflation above its 2% target for five years as it navigated a series of shocks, but analysts at Bank of America said that patience is coming to an end. In a note on Monday, BofA changed its forecast and predicted the Fed will raise rates by a quarter point three…
Investing.com — The wide gap left by the 2024 election is emerging as a key support level for the heading into 2025, according to a Bank of America strategist. The S&P 500 (SPX) faced a challenging start to 2025 following a lackluster performance in December 2024. The absence of the traditional Santa Claus rally, which…
The Federal Reserve could begin cutting rates as early as September, and income investors would do well to snap up dividend-paying stocks that offer solid yields. Fed funds futures pricing suggests a 100% likelihood that the central bank will ease on interest rates at next month’s meeting, according to CME FedWatch . Economists at Bank…
CHENG FENG CHIANG Bank of America lifted its rating on Canadian National Railway Company (NYSE:CNI) to Buy from Neutral. The firm pointed to volume growth that is trending above expectations and said the grain crop may not be as bad as originally feared. BofA set a price objective for Canadian National Railway (CNI) of $145…
