Wall Street "last hawk" surrenders! BoA bets that the Fed will cut interest rates in September and December, shouting "no rate cuts all year".

According to the Wise Finance APP, economists at Wall Street financial giant Bank of America Corp. predict that the Federal Reserve will announce two interest rate cuts this year based on the unusually weak August non-farm payrolls data - expected to be in September and December. Bank of America has effectively abandoned the hawkish monetary policy expectations that investors previously viewed as Wall Street "outliers." They had long expected that the Fed would not cut interest rates until next year, but now, with significant cracks appearing in the labor market and multiple data indicating that the US economy may be sharply slowing down, Bank of America has completely abandoned the hawkish expectation of "no rate cuts for the whole year."