BofA’s Cabana Says US Running Above Breakeven Employment
2026-06-18 20:05:29
Mark Cabana, co-head of global rates research at BofA Securities, said the US is running above breakeven employment. According to Bloomberg, Cabana and Jamie Patton, co-head of global rates at TCW, discussed the Federal Reserve and Citigroup’s forecast that interest-rate cuts will begin in October, a month later than previously, after the central bank left rates unchanged and released revised forecasts Wednesday.
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