BofA Securities said a stronger-than-expected June US nonfarm payrolls print could tilt markets toward pricing three Fed rate hikes in 2026. After three months of solid gains, BofA projects June payrolls +110k, citing modest initial jobless claims an

2026-06-29

BofA Securities said a stronger-than-expected June US nonfarm payrolls print could tilt markets toward pricing three Fed rate hikes in 2026. After three months of solid gains, BofA projects June payrolls +110k, citing modest initial jobless claims and a strong ADP private-payrolls print, but flagged downside risk: May’s surge in leisure and hospitality may reflect the World Cup or Memorial Day, and if the latter the June print could ease.