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Bank of America expects a split in the FOMC at the September meeting
Bank of America anticipates significant divisions within the Federal Reserve in September. Doves like Waller, Bowman, Daly, and possibly Milan may push for further rate cuts, while hawks like Harker, Bostic, Mester, and Schmid emphasize inflation risks. Even a 25-basis-point rate cut could lead to a two-way split.
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