Bank of America are forecasting 7 Federal Reserve rate hikes this yearBoA economics citing rapidly rising wages as a key factor in their projection of seven interest rate rises to come in 2022:
7*0.25% increases in 2022
4*0.25% to follow in 2023
On the indicators of rising wages:
If I'm the Fed, I'm getting more nervous that it's not just a few outlier
Source: Bank of America are forecasting 7 Federal Reserve rate hikes this year (https://www.forexlive.com/centralbank/bank-of-america-are-forecasting-7-federal-reserve-rate-hikes-this-year-20220208/)
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