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Aditya Parve

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  1. Bank of America20 min

    Payroll call

    Ralf Preusser, Aditya Bhave, Mark Cabana, Alex Cohen, Shruti Mishra, Aditya Parve

    The April 8, 2024, U.S. Non-Farm Payrolls report revealed a resilient labor market with back-to-back job gains that narrowed the divergence between establishment and household surveys. In response to these findings and persistent inflation data, Bank of America strategists have revised their Federal Reserve policy forecast to eliminate 2024 rate cuts and shift expectations to mid-2025. Consequently, global fixed-income strategists have adjusted their front-end yield curve positioning to anticipate a higher-for-longer interest rate environment while monitoring upcoming CPI and retail sales data for further confirmation.