Bank of America predicts a 75 basis point rate hike by the Federal Reserve in 2026

According to Reuters, Bank of America is expected to raise interest rates by a total of 75 basis points in September, October, and December 2026, influenced by economic resilience and hawkish expectations from Federal Reserve Chairman Kevin Warsh. BofA Global Research analysts stated that the June forecast summary and comments from Federal Reserve Chairman Kevin Warsh reflect a more hawkish response mechanism than expected, with the agency expecting the Fed to maintain interest rates unchanged in 2027.