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BofA predicts that Warsh-led Federal Reserve will hike rates 3x this year, won’t cut until 2028
Jun 22, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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Bank of America now expects the Fed under new Chair Kevin Warsh to raise interest rates three times this year and keep rates elevated with no cut penciled in until 2028, a sharp reversal from its view days earlier. Tighter, longer-lasting policy raises downside risk for crypto risk assets, could compress DeFi yields, increase borrowing costs on CEXs and DEXs, and strain token fundraising and adoption.
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Bank of America (BAC) now expects the Fed to raise interest rates three times this year under new Chair Kevin Warsh, with no cut penciled in until 2028. That is a hard turn from the bank’s view just days ago, when Cryptopolitan reported that its economists had thought the Fed would sit still and tolerate...
