Bank of America survey shows 40% expect a Fed hike within 12 months

Investor expectations for Federal Reserve policy shifted toward tighter settings in Bank of America’s June fund manager survey. The share expecting at least one rate hike in the next 12 months rose to 40% from 16% in May, while the proportion looking for rate cuts fell to 28% from 50%. The move suggests investors are reassessing how long interest rates may stay elevated, a backdrop that can influence risk appetite across equities, bonds and digital assets.