Bank of America resets inflation forecast ahead of PCE report this week
Monday, 25 August 2025 ()
July's Consumer Price Index (CPI) inflation report on Aug. 12 cast a shadow over rising hopes that the Fed would cut rates at its next meeting on September 17. The CPI data showed that year-over-year inflation was 2.7% last month, up from a cycle low of 2.3% in April 2025. Core CPI, which excludes…
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