Investor Conviction for no Fed Rate Rise Before Midterms Falls in September BofA Survey

Dow Jones
2 hours ago

1010 GMT - Investors are less convinced that the Federal Reserve will refrain from raising interest rates before November's U.S. midterm elections, Bank of America's global fund manager survey for September shows. Some 52% of investors expect no rate rise before the midterms, down sharply from 72% in the August survey. The survey shows 41% now expect a rate rise before the midterm elections, compared to 22% in August.

 

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