Fed Cutting Rates In September Would Be A 'Policy Mistake', Warns Bank Of America: Report

2025-09-03 03:20:46

(MENAFN- AsiaNet News)

Bank of America reportedly warned on Wednesday that if the Federal Reserve rushes to cut interest rates in September, it could be a“policy mistake,” based on the current macroeconomic data.

According to a report by CNBC, BofA economist Claudio Irigoyen said in a recent note that there is a supply-driven slowdown in the labor market, and inflation remains above the central bank's 2% target. Irigoyen highlighted that a rate cut based on these factors is“unwarranted.”

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