Bank of America Sees Interest Rates Exploding Higher Soon: Play It Safe With 4 Dividend Giants

Bank of America predicts the Federal Reserve will be forced to raise rates by 75 basis points this year, starting with a 25-basis-point hike in September. The call implies a more hawkish policy path and higher borrowing costs across rate-sensitive assets. As a Fed outlook update, it has potential market-wide implications for equities, bonds, and currencies.

Analysis

Bank of America predicts the Federal Reserve will be forced to raise rates by 75 basis points this year, starting with a 25-basis-point hike in September. The call implies a more hawkish policy path and higher borrowing costs across rate-sensitive assets. As a Fed outlook update, it has potential market-wide implications for equities, bonds, and currencies.