Fed to lower rates in Dec but slow pace in 2025 on inflation risks: Reuters poll [Yahoo! Finance Canada]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.bankofamerica.com
Company Research
Source: Yahoo! Finance Canada
Prospects for a price resurgence based on his planned policies, including higher tariffs and tax reductions, led markets to nearly halve rate cut pricing to around 75 basis points by end-2025 over the past few weeks. Relentless economic strength, stubborn inflation and stock markets flirting with record highs have become barriers against hasty rate cuts. Fed Chair Jerome Powell said last week "the economy is not sending any signals that we need to be in a hurry to lower rates." Still, nearly 90% of economists, 94 of 106, in the Nov. 12-20 Reuters poll expected a 25bp cut in December, taking the fed funds rate to 4.25%-4.50%. Twelve expected no change, compared to only three in last month's survey. But market pricing showed there is now less than a 60% chance of a December cut. Until recently only a few were betting against such a move. "We're still calling for a December cut. We think the data will behave. But you can see why markets kind of pricing another sort of coin flip.
Show less
Read more
Impact Snapshot
Event Time:
BAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAC alerts
High impacting Bank of America Corporation news events
Weekly update
A roundup of the hottest topics
BAC
News
- Digital Divide Among Banks' Online Banking Services Showcases Opportunities for Greater Parity; Timely, Predictive Alerts Needed for Improved Financial Management [Yahoo! Finance]Yahoo! Finance
- Federal Reserve's likely slowdown in rate cuts could make prospective homebuyers sad [Fortune]Fortune
- Five Ways Financial Services Organizations Can Stop Infiltration [Forbes]Forbes
- Emeren to Participate in Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Want Decades of Passive Income? 3 Stocks to Buy Right Now. [Yahoo! Finance]Yahoo! Finance
BAC
Earnings
- 10/15/24 - Beat
BAC
Sec Filings
- 11/21/24 - Form FWP
- 11/20/24 - Form FWP
- 11/20/24 - Form 424B2
- BAC's page on the SEC website