BofA now expects Fed to go for 0.75-percentage-point cut in fourth quarter
BofA Global Research was the only major brokerage to raise its forecast for the Federal Reserve's anticipated interest-rate ...
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Bubble risk in equities, buy bonds and gold says BofA
The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making ...
The Fed delivered a best-case scenario for stocks: BofA
The U.S. large-cap sector was the key driver, attracting $26.2 billion. Notably, value stocks posted their largest inflow ...
Dow jumps to another all-time high day after Fed delivers big rate cut
Wall Street rallied on Thursday with the Dow and S&P 500 hitting another intraday record high — a day after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction and ...
The Fed says its long-awaited rate cut is apolitical, even close to the presidential election
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the ...