40% of Investors Expect Fed Rate Hike Within 12 Months, Up from 16% in May

According to Bank of America's June fund manager survey, 40% of investors expect the Federal Reserve to raise rates at least once within the next 12 months, up significantly from 16% in May. Meanwhile, 28% of respondents now anticipate at least one rate cut during the same period, down sharply from 50% a month earlier. The survey was conducted from June 5 to June 11.
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