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Goldman, BofA Delay Fed Cut Calls After ‘Last Straw’ Jobs Data
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Goldman, BofA Delay Fed Cut Calls After ‘Last Straw’ Jobs Data

Bloomberg Markets · May 11, 2026, 3:39 PM

Goldman Sachs & Co and Bank of America Corp are the latest in a growing cohort of Wall Street banks pushing back their forecasts for interest-rate cuts, arguing that both jobs and inflation data make a case for the Federal Reserve to keep rates on hold until at least the end of the year.

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