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JUST IN: Bank of America is now expecting 3 rate hikes in 2026, which would bring tighten conditions for the US economy and stock market. This would mean that the US 10 years would break above the 5% top in Oct 2023. BofA is not systematically better or worse than peers like Goldman, JPMorgan, or the broader consensus, they are all "often wrong" on the precise Fed path because perfect foresight doesn't exist in macroeconomics.
