Investing.com - The Federal Reserve could wait longer than i

Investing.com - The Federal Reserve could wait longer than investors currently anticipate to start cutting interest rates, although those reductions could be faster than expected once the easing cycle begins, according to analysts at BofA.

Recently solid employment figures as well as indications of resilient consumer spending activity have led markets to stick to estimates for over three interest rate slashes by the Fed this year, with the first seen coming in June.