Bank of America Survey: 55% of Investors Expect Fed to Hold Rates on Wednesday

According to Bank of America's June global fund manager survey released on June 16, investors expect the Federal Reserve to hold interest rates steady at this week's meeting. About 55% of respondents anticipate a "hawkish hold," where the Fed maintains rates unchanged while new Chair Powell signals sustained higher rates for an extended period. Another 33% expect a "dovish hold," with Powell opening the door to potential rate cuts in the future.
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