Bank of America Adds January 2027 Fed Rate Hike to Forecast
JH Kim
Summary
- Bank of America Global Research said it had revised its forecast for benchmark interest-rate increases by the Federal Reserve.
- It said the Fed is expected to raise its benchmark interest rate in December 2026, January 2027 and March 2027.
- It said the newly added January 2027 rate hike is expected to be 25 basis points (0.25 percentage point).
Forecast Trend Report by Period
Bank of America Global Research revised its forecast for Federal Reserve interest-rate increases, adding a 25-basis-point hike in January 2027 to its previous outlook.
Walter Bloomberg reported on Nov. 13 that Bank of America Global Research expects the Fed to raise its benchmark rate in December 2026, January 2027 and March 2027.
The revision raises Bank of America's projected number of rate increases to three.
The newly added January 2027 hike is projected at 25 basis points, or 0.25 percentage point. The latest update did not specify the size of the projected moves in December and March.
JH Kim
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