Goldman, BofA Push Fed Cut to 2027

Goldman Sachs and Bank of America now forecast the Fed will keep rates unchanged until at least end‑2026, later than earlier expectations.
BofA pushes its first rate‑cut expectation to July 2027, shifting from a September 2026 forecast, citing strong April jobs and rising core inflation.
The Iran‑Israel conflict has disrupted oil markets, heightened inflation, and led traders to anticipate the Fed may even raise rates in early 2027.
Upcoming CPI and PPI releases on Tuesday and Wednesday are highlighted as the next major inflation data points.