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Fortune
Fortune
Jason Ma

Fed rate cuts are already over after they barely started as blowout jobs report shifts focus to hikes, BofA says

US Federal Reserve BofA United States Jobs Report Donald Trump Economy Inflation Bank of America
(Credit: Alex Wong—Getty Images)
  • Friday's monthly jobs report blew away forecasts, pointing to an economy and labor market that are more robust than expected. That suggests to Bank of America that the Federal Reserve is already done cutting interest rates.

The Federal Reserve's rate-cutting cycle is already done as the latest jobs report revealed an economy and labor market that are stronger than expected, according to analysts at Bank of America.

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