BofA’s Cabana Says It’s Premature to Call End to Fed’s Hiking Cycle

Mark Cabana, co-head of global rates strategy at BofA Securities, asserts it is premature to declare the end of the Federal Reserve's interest-rate hiking cycle. Speaking on Bloomberg Surveillance, Cabana suggests the Fed may need to implement more than three hikes. This uncertainty regarding rate hikes extending into 2026 highlights persistent economic challenges, emphasizing that inflation data remains critical for policy decisions as markets may be incorrectly pricing in the current trajectory of the Fed.