BofA’s Cabana Predicts Fed Will Cut Rates by Another 75 bps in 2021
According to BofA’s Cabana, the Federal Reserve is expected to lower interest rates by an additional 75 basis points (bps) this year. Cabana’s prediction suggests that the Fed will continue its trend of rate cuts in an effort to stimulate the economy.
As of now, it remains to be seen how the Fed will respond to economic conditions and whether they will indeed implement the predicted rate cuts. However, Cabana’s forecast indicates that there is a strong possibility of further monetary policy easing in the near future.