Goldman Sachs and BofA see a 'close call' on June Fed but market now sees 70% hike odds

Goldman Sachs and BofA see a 'close call' on June Fed but market now sees 70% hike odds

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Higher interest rates aren't yet hitting the consumer hard or bringing inflation back to target, according to today's April PCE report. Inflation rose 4.4% y/y in an acceleration from 4.2% previously while personal spending surged 0.8% in the month. Bank of America has reaffirmed its base case…

#pce #bankofamerica #federalreserve #goldmansachs #fomc

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