According to a survey by Bank of America, 40% of investors expect the Federal Reserve to raise interest rates in the next 12 months, and 28% expect a rate cut

According to Bank of America's June Global Fund Manager Survey, 40% of investors expect the Federal Reserve to raise interest rates at least once in the next 12 months, 28% of investors expect at least one rate cut, and 28% of respondents expect the federal funds rate to remain unchanged in the next 12 months.