ICYMI - Bank of America see no Fed interest rate cuts in 2025, risk skewed towards a hike

I posted earlier on Morgan Stanley being unmoved by the jobs report:

• ICYMI - Morgan Stanley expect the Fed to cut rates in March

They look like they are on a desert island though, analysts elsewhere are dialling back rate cut expectations. Goldman Sachs for example:

• Goldman Sachs now expect two Federal Reserve interest rate cuts in 2025, down from three

Adam had the big call from Bank of America posted on Friday:

• "we think the risks for the next move are skewed towards a hike"

Adding a bit more on that call:

• "The jobs report, which actually was a good one, basically priced out cuts for the year, "
• "That's sort of how we've pivoted too in terms of our outlook."
• resilient labour market
• economic activity is strong
• no need for further easing

On inflation:

• remains above target
• "we could be in for a little bit stickier-than-expected inflation that's hanging out in that 2 to 3% range"

We'll get December inflation data from the US on Thursday, January 15, at 8.30 am US Eastern time (1330 GMT):