BofA’s Cabana: Too soon to declare end of Fed’s rate hikes in 2026

Mark Cabana from Bank of America has stated that it is too early to declare the Federal Reserve’s rate-hiking cycle complete, suggesting that more than three additional hikes might be necessary. This assertion aligns with ongoing concerns about inflation, which remains above the Fed’s target despite a recent pause in rate adjustments. The federal-funds rate is currently targeted at 3.75% to 4.00%, with an effective rate of 3.88% as of early November 2026. Market activity indicates a mixed outlook on whether the Fed will implement further hikes within the year, with some sub-markets reflecting varied probabilities.

Source: Crypto Briefing