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BSCN· 2026-08-07 19:50
BofA isn't blinking. Even after a 23K jobs loss and 103K in downward revisions, the bank still sees 75bps of Fed hikes this year starting in September, with inflation as the priority.*Walter Bloomberg (@DeItaone):BOFA STICKS WITH FED HIKES DESPITE WEAK JOBSUS payrolls fell 23,000 in July, with prior months revised down by another 103,000.Unemployment dropped to 4.1%, while wage growth slowed to 3.2% and labor-force participation slipped.Despite weaker hiring, Bank of America still ...