Bank of America: If the Fed Hikes Rates in July, It Will Be Unprecedented

TechFlow news, July 28: Although the market expects a low probability of a Fed rate hike in July, Bank of America still expects the Fed to keep interest rates unchanged. The bank stated that a Fed rate hike in July would be unprecedented: since 1994, the Fed has never raised rates when the market probability of a hike was below 60%. Bank of America believes higher oil prices are the main inflation risk and remains bullish on the US dollar. (Jin10)