BofA Global Research said on Friday that stronger-than-expected October CPI has raised market expectations for higher borrowing costs. The bank now expects Fed hikes in December and March as previously forecast and an additional 25bp in January 2027.

2026-11-13

BofA Global Research said on Friday that stronger-than-expected October CPI has raised market expectations for higher borrowing costs. The bank now expects Fed hikes in December and March as previously forecast and an additional 25bp in January 2027. BofA said October CPI leaves the Fed more behind the curve on inflation and removes room to pursue hikes on a quarterly cadence.