Big banks push rate cut forecasts further

) opened mixed on Thursday morning as investors begin to price in the idea of interest rate cuts from the Federal Reserve not happening until after June. The Fed continues to affirm that rate cuts won't come until inflation is much closer to that target date, a point reiterated byDue to this current stance, many of the big banks have adjusted their rate cut forecasts to later in the year, including Bank of America, which has pushed back its forecast to December of this year.

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