BofA Forecasts Powell’s Silent Approach After FOMC Meeting

Ahead of the Federal Reserve’s (Fed) crucial meeting, Bank of America (BofA) predicts a cautious approach from Chair Jerome Powell. While expectations are high for clear signals, BofA anticipates that Powell will remain silent after this pivotal gathering due to a significant divergence between key economic indicators. This divergence, marked by resilient employment figures contrasting with less robust consumer spending data, creates an environment demanding flexibility in policymaking.