Bank of America predicts: The U.S. economy will avoid recession in 2025, and the Fed may not cut interest rates this year.

[Golden Finance] According to reports, Bank of America predicts that despite market expectations for rate cuts, the U.S. economy will avoid recession in 2025, and the Fed will not cut rates this year. The bank pointed out that strong consumer spending and rising goods inflation indicate that the economy continues to be resilient, and mentioned that June retail sales data exceeded expectations. Bank of America warned that politically motivated rate cuts could undermine the stability of inflation expectations and increase credit risks. Looking ahead, the bank expects a slight rise in unemployment claims, stable housing data, and a potential 11% decline in durable goods orders to be released on Friday.