BOFA DELAYS FED RATE CUTS TO 2027 AS INFLATION STAYS STICKY Bank of America now expects the Federal Reserve to delay rate cuts until mid–2027, pushing previous forecasts from late 2026. The bank cites a more hawkish Fed tone, persistent inflation above target, and continued oil-related price pressures. Stronger private payroll growth and a stable unemployment rate also suggest weakening urgency for cuts. As a result, BofA says recent data did not support the weaker labor market conditions needed to justify earlier easing.(*Walter Bloomberg)