I'm going to sell some on Trump's next promised agreement.
It's interesting that B of A was expecting 3 rate increases. That was the first that I heard of inflation being so dire because the economy also isn't doing great either.
So far the betting markets have been accurate on their projections of a rate increase. Right now it is at...
"Kalshi traders are giving a 57% to 60% probability that the Federal Reserve will hike interest rates at least once before the end of 2026. For the total number of rate changes before 2027, the market prices exactly 1 rate hike at 38% and exactly 2 rate hikes at 25%, with fewer than 34% betting on zero rate changes."
B of A seems to be an outlier projection.