Bank of America note ahead of the Fed's 28 October decision
Bank of America sticks with call for October Fed rate hike
Markets price only a 20% chance of a hike
Bank of America sees a strong case for the Federal Reserve to raise interest rates at its decision due on Wednesday, 28 October, citing September inflation data and expecting core PCE inflation to reach 3.4% year on year by the end of the year, while markets are pricing a 20% probability of a hike.
