BOFA: JULY FED RATE HIKE WOULD BE UNPRECEDENTED BofA expects the Fed to hold rates in July, despite markets pricing a small chance of a hike

BOFA: JULY FED RATE HIKE WOULD BE UNPRECEDENTED BofA expects the Fed to hold rates in July, despite markets pricing a small chance of a hike. The bank says a July increase would be unprecedented, noting the Fed has never hiked since 1994 with less than 60% odds priced in. BofA sees higher oil prices as the main inflation risk and remains bullish on the U.S. dollar.