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Analysts at Bank of America now project the Federal Reserve to cut interest rates twice this year, following a disappointing August jobs report. The firm projects a rate cut to come this month and in September, suggesting an additional 75 basis points of easing. “The shift in our view is motivated by both the softer labor data and Powell’s reaction function, as stated at Jackson Hole,” BofA wrote in a Friday note. JUST IN: Bank of America now projects the Federal Reserve to cut interest rates twice this year. pic.twitter.com/9z6cULLaiQ — Watcher.Guru (@WatcherGuru) September 5, 2025 Friday’s jobs report was disappointing, as forecasts were not met. US unemployment rates rose in August 2025 to 4.3%, their highest levels since October 2021. Additionally, only 22,000 new jobs were added to the economy last month, far below forecasts. Economists had expected the report to show 75,000 jobs were created in August, with the unemployment rate forecast to rise to 4...

$9 trillion asset management company BlackRock says the Federal Reserve’s interest rate cuts will not be as deep as the market expects. BlackRock Investment Institute wrote in a note Monday that a resilient economy and inflation remaining sticky may hamper the Fed from making a steep interest rate cut. JUST IN: BlackRock says the Federal Reserve's interest rate cuts will not be as deep as the market expects. — Watcher.Guru (@WatcherGuru) September 16, 2024 The Federal Reserve will decide this week whether it will cut interest rates for the first time in four years. The US has been fighting a difficult battle with inflation since the end of the COVID-19 pandemic. That battle temporarily led to a year-long streak of interest hikes monthly. However, it is expected that the Fed will finally make its first cuts, after leaving interest rates unchanged throughout the summer. BlackRock wrote that a reduction in interest rates of this magnitude reflects recession fears that are over...

In 2022, a crypto contagion was in play, and companies from the ecosystem were falling one after the other. Now, in 2023, banks have become the new casualties. Leaving aside Silvergate, Silicon Valley Bank, and Signature Bank, it seems like another financial institution is now biting the bullet. First Republic Bank ’s stock was down 55% during the pre-market hours on Monday, March 13. The bank, notably, has around $212 billion in assets under management. JUST IN: First Republic Bank $FRC, with $212 billion in assets, sees its stock down 55% pre-market. — Watcher.Guru (@WatcherGuru) March 13, 2023 On Friday, FRC closed at $81.71, after depreciating by 14%. However, the stock’s price was down on its knees to $36.32, post the pre-market decline on Monday. Source: First Republic Bank Share Price by TradingView Also Read: HSBC Acquires Silicon Valley Bank’s UK Arm for £1 First Republic Bank has ‘unused’ liquidity worth $70 billio...