TechFlow news, March 14 — According to Jinshi Data, Bank of America economist Stephen Juneau said in a report: "In short, inflation has gotten off to a rocky start in 2025. Our forecast for Personal Consumption Expenditures (PCE) price index inflation further supports our view that inflation is unlikely to decline enough for the Fed to cut rates this year, especially given policy changes that are pushing inflation higher. Unless economic activity data clearly weakens, we believe the policy rate will remain unchanged through year-end."
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