BofA Securities revised its outlook for the fed-funds rate target and now sees it reaching 4.75% to 5% by March, economist Michael Gapen wrote in a note. That’s up from a previous forecast of 4% to 4.25%. The revision was made in response to Wednesday’s release of projections, showing the median participant on the Federal Open Market Committee “is projecting more near-term rate increases than we had expected.” The policy-sensitive 2-year yield TMUBMUSD02Y,
Brent remains under pressure due to increased output and problems in China
Brent quotes are slightly rising, currently standing at 68.95 USD. Discover more in our analysis for 11 March 2025. Brent forecast: key trading points An economic