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BofA flips the script with bombshell Fed interest-rate outlook

Bank of America Global Research economists expect the Federal Reserveto raise interest rates three times this year due to Chair Kevin Warsh’s more hawkish stance and the nation’s overall economic resilience despite the Iran War. BofA revised its forecast after the Fed left the benchmark federal funds rate unchanged June 17 as almost half ​of

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Fed’s Goolsbee bucks Warsh’s communications crackdown with inflation warning

Not only has the Iran War driven up energy costs for Americans, but higher prices — not all related to oil — for many goods and services are erasing our desperately needed wage gains. Federal Reserve Bank of Chicago President Austan Goolsbee has had enough.  He said he remains concerned aboutinflation and questioned whether all

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