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Bank of America Expects Fed to Hold Rates on July 28, Rate Hike Would Be Unprecedented Since 1994

2026-07-28 12:33:37

BAC0.28%

According to Bank of America, on July 28, the Federal Reserve is expected to keep interest rates unchanged in July. The bank noted that a rate hike would be unprecedented: since 1994, the Fed has never raised rates when market probability of a hike fell below 60%.

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