Bank of America: January data fluctuates, Federal Reserve anticipates interest rate cut in June

Bank of America stated that strong employment and CPI data in January sparked concerns about an overheated economy, but very weak retail sales data should alleviate these worries. The bank believes it is difficult to draw a strong conclusion about the economic trend from the volatile data in January. Investors should remain on standby. The Federal Reserve is still expected to start cutting interest rates in June. However, the risk tends towards delaying rate cuts.