Bank of America: If the Fed raises interest rates in July, it would be unprecedented

Odaily reported that although the market sees a small possibility of the Federal Reserve raising interest rates in July, Bank of America still expects the Fed to keep rates unchanged. The bank stated that a rate hike in July would be unprecedented: since 1994, the Fed has never raised interest rates when the market probability of a hike was below 60%. Bank of America believes that higher oil prices are a major inflation risk and remains bullish on the US dollar. (Jinshi Data)