BofA: Expects Fed to Raise Rates Consecutively in December, January and March

November 13 — According to Investing.com, BofA Global Research has added a 25 basis point rate hike in January 2027 to its forecast, and now expects the Fed to raise rates by 25 basis points each in December this year, January next year and March, lifting the peak federal funds rate to 4.50%–4.75%. Previously, BofA expected two more quarterly hikes, with a peak of 4.25%–4.50%. BofA economist Aditya Bhave said that after the October CPI release, the Fed appears further behind on inflation and can no longer raise rates at a quarterly pace.