Bank of America: If the Fed Raises Rates in July, It Would Be Unprecedented

Odaily News According to Odaily Planet Daily, although the market sees a small possibility of the Federal Reserve raising interest rates in July, Bank of America still expects the Fed to maintain the current rate. The bank stated that if the Fed raises rates in July, it would be unprecedented: since 1994, the Fed has never raised rates when the market probability of a rate hike was below 60%. Bank of America believes that higher oil prices are the main inflation risk and remains bullish on the US dollar. (Jin Shi)