BofA Sees 3 2026 Rate Hikes if June Payrolls Top 110,000
Updated
Updated · en.bloomingbit.io · Jun 29
BofA Sees 3 2026 Rate Hikes if June Payrolls Top 110,000
3 articles · Updated · en.bloomingbit.io · Jun 29
Summary
Bank of America said a strong June U.S. jobs report could push markets to price in three Federal Reserve rate hikes in 2026, reinforcing its existing forecast.
BofA expects nonfarm payrolls to rise by 110,000 and said moderating initial jobless claims plus a firm ADP private-payrolls reading support that view.
A slowdown is still possible: BofA said May's jump in leisure and hospitality hiring may have been boosted by the World Cup or Memorial Day, which could leave June hiring softer.
For markets, the labor report is a key signal for the Fed path, and a stronger-than-expected reading could revive tighter-policy worries across risk assets.