Bank of America: The Federal Reserve is not expected to lower interest rates before 2027

According to Jinshi reports, Bank of America’s latest forecast shows that the Federal Reserve will delay interest rate cuts until the second half of 2027, primarily due to high inflation levels and strong employment growth. Bank of America economists stated, "We no longer expect the Federal Reserve to cut rates this year." At the same time, they pointed out that multiple shock factors affecting the economy, including the Iran war, tariffs, and the rise of artificial intelligence, make predicting interest rate changes more difficult.