Bank of America forecasts Federal Reserve rate cut in June (were previously tipping March)

<p>Bank of America on the Federal Reserve – now projecting the first FOMC rate cut at the June meeting. BoA were previously forecasts March. </p><p>Citing:</p><ul><li>very few inflation readings before May</li><li>FOMC preferring to make policy changes at meetings with new quarterly economic projections</li></ul><p>BoA temper their June forecast by saying “May is on the table”. </p><p>BoA add the Fed will announce a tapering of its balance-sheet runoff in May. Previoulsy were also in March for this. </p><p>The dates to watch</p>

This article was written by Eamonn Sheridan at www.forexlive.com.