BOFA ON RATE CUTS: ‘MORE NOW, LESS LATER’ Bank of America expects the Fed to cut rates next week but warns that this limits future easing. Assuming a total 0.75 percentage-point cut by year-end, the Fed would have only about 0.5 points of room for 2026. BofA notes early cuts could push policy into accommodative territory just as fiscal stimulus takes effect.(*Walter Bloomberg)