Bank of America: The Fed is not expected to cut interest rates this year and the US economy will not fall into recession
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最新报道：According to a report from Bijie.com, Bank of America predicts that despite market expectations of rate cuts, the US economy will avoid a recession in 2025 and the Federal Reserve will not cut interest rates this year. The bank pointed out that strong consumer spending and rising commodity inflation indicate that the economy continues to be resilient, and mentioned that June retail sales data exceeded expectations. Bank of America warned that politically motivated rate cuts could undermine the stability of inflation expectations and increase credit risks. Looking ahead, the bank expects unemployment claims to rise slightly, housing data to remain stable, and durable goods orders released on Friday may fall by 11%.
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