Bank of America expects the Federal Reserve to raise interest rates three times this year, while the market expectation still leans towards two times

According to Jinshi reports, Bank of America expects the Federal Reserve to raise interest rates three times this year, which is the latest sign that Wall Street is preparing for a more aggressive rate hike from the Federal Reserve.

The bank's economists had previously expected the Federal Reserve to keep interest rates unchanged, and the reason for adjusting their expectations is the strong performance of economic data and the Federal Reserve's communication turning hawkish. Although Bank of America's prediction of three rate hikes is still in the minority, currently only 19% of market investors expect three rate hikes, with investors believing that two rate hikes this year is the most likely outcome.

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