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Markets / The Economic Times

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BofA joins growing chorus expecting Fed rate cut in December

Bank of America has joined major brokerages, including Goldman Sachs and J.P. Morgan, in forecasting a 25-bps Fed rate cut at the December meeting, as softer labour data and dovish FOMC commentary boost expectations. Markets now price an 87% probability of easing, though a few institutions still expect no change.

3 Dec 2025 11:18 am