The Federal Reserve left interest rates unchanged on Wednesday at a target range of 4.25% - 4.50%. This was widely expected, but the central bank also took a more hawkish stance on future rate ...

raising the perception that the Fed will need to hold rates at higher levels in order to combat sticky inflation. To underline the point, the chart below outlines changes in the Fed's projections ...

“Given a resilient labor market, we now think the Fed cutting cycle ... Open Market Committee meeting. Rate hikes could also be in play if long-term inflation expectations become unanchored.

The Federal Reserve is likely done cutting rates amid robust economic activity, BofA analysts say. They see a hike as a more likely than a cut at this point, and lay out what it would take to get one.

As shown in the chart above, the market's reaction to the latest Fed statement is part of a longer-term process of lowered rate-cut expectations over the past several months, largely starting with ...