BofA pushes out final Fed rate hike expectation to December

(Reuters) – BofA Global Research said on Friday it now expects the U.S. Federal Reserve to deliver a 25-basis-point rate hike in December instead of November.

Economists at the brokerage believe that recent comments from policymakers at the central bank suggest “they will opt for one last hike in December”.

(Reporting by Roshan Abraham in Bengaluru; Editing by Krishna Chandra Eluri)


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