Bank of America Merrill Lynch (BofAML) released on Thursday (March 14)research reportThe post-cyclical inflation performance is expected to provide the Fed with enough patience to further observe future economic data performance.
Bank of America Merrill LynchAnalystPointed out: "The Fed has shown greater patience in the coming months. I believe the Fed will wait for a longer period of time before the next action. One of the important reasons is the inflation performance, which is still below the Fed's target of 2%. ""
The bank's analyst added: "Although the US labor market continues to tighten, inflation remains in an awkward position. We believe that this situation will continue in the year, so the Fed remains cautious."
(Article source: FX168)