Bank of America resets interest rate cut forecast after inflation shocker
The financial services company responds to the latest Consumer Price Index report.
![Bank of America resets interest rate cut forecast after inflation shocker](https://www.thestreet.com/.image/c_fit,h_800,w_1200/MjA1NDYyODQ2NTY0MjE0NzQw/jerome-powell-speaks-at-federal-reserve-bank-of-san-francisco.jpg?#)
When it got here to hobby rates, Bill Cross kept it easy.
“It's kind of affection a teeter-totter,” acknowledged the co-founding father of Pacific Funding Management Co. “When hobby rates scramble down, prices scramble up.”
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