The year-end rally in equities is at risk from a Federal Reserve outlook that’s too cautious on the economy, according to Bank of America Corp. strategists. With the S&P 500 Index within striking distance of a record high, investors are confident about a best-case scenario where the Fed cuts interest rates alongside falling inflation and economic growth remains resilient. Most Read from Bloomberg But that optimism stands to be tested if the central bank sends dovish signals at the meeting next week, acc ...