BofA now sees two fed rate cuts this year

nvesting.com -- Following today’s weaker-than-expected nonfarm payrolls report and uptick in the unemployment rate, economists at BofA Securities now expect two 25-bps rate cuts this year – one in September and the other in December.

August nonfarm payrolls were reported at 22,000, well below expectations of 75,000. Meanwhile, the unemployment rate increased to 4.3% from 4.2%....   ...more

RSK: I see one rate cut for sure but basing a second on jobless rates for a second might not happen.