Bank of America survey: 40% of investors expect the Federal Reserve to raise interest rates once in the next 12 months

According to Jinshi, a global fund manager survey by Bank of America in June shows that 40% of investors expect the Federal Reserve to raise interest rates at least once in the next 12 months, an increase from 16% in May. This month, 28% of investors expect at least one rate cut, a significant decrease from 50% last month. At the same time, 28% of respondents expect the federal funds rate to remain unchanged in the next 12 months. The survey was conducted from June 5 to June 11.