[Bank of America Reiterates Prediction of Three Fed Rate Hikes in September, October, and December] BlockBeats News, August 5, Bank of America CEO Brian Moynihan reiterated the bank's prediction that the Federal Reserve will implement three rate hikes in September, October, and December, stating that the labor market remains strong while inflation still needs to decline further. He also noted that spending patterns between high-income and low-income consumers are becoming more aligned, which he considers a positive signal for the economy. [Original Link]