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BofA and Goldman delay Fed rate cut bets as energy and jobs keep inflation hot
Economy
Published on 12 May 2026
The next cut may slip past 2026
Major Wall Street brokerages are pushing back their timelines for U.S. Federal Reserve rate cuts, citing lingering inflation pressures from high energy prices and a resilient labor market. BofA now sees no cuts in 2026 and expects easing only in mid-2027. Goldman similarly moved its first cut forecast from September to December 2026, reflecting persistent risk to disinflation.
- Brokerages are delaying Fed easing forecasts due to inflation risks
- High energy prices are keeping inflation concerns elevated
- A strong labor market is reducing the urgency to cut rates
- BofA now expects no 2026 cuts; Goldman pushes to December 2026
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times