# Bank of America Forecasts Two Additional Fed Rate Hikes Through March 2027

> Bank of America now expects the Fed to deliver two more rate hikes, in December 2026 and March 2027, and to hold its terminal rate at 4.25%-4.5% through 2027. Warsh's failure to signal a December move was characterized as dovish. Following the meeting, the 2s30s Treasury curve steepened sharply.

- Date: 2026-11-01 · published 2026-11-01T06:09:28.975Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/4180-bank-of-america-forecasts-two-additional-fed-rate-hikes-through-march-2027
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A longer period of higher rates would support the US dollar over time, which tends to pressure dollar-priced grain and oilseed prices. The steepening signals bond market doubts about the Fed's inflation fight.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-02-10 | [Hot inflation fuels case for 'big-bang' Fed rate hike in March](https://feedsoft.ai/events/42644-hot-inflation-fuels-case-for-big-bang-fed-rate-hike-in-march.md) | -0.1% | +1.7% |
| DXY | 2018-08-22 | [Fed's minutes pave way for two more rate hikes in 2018](https://feedsoft.ai/events/63698-fed-s-minutes-pave-way-for-two-more-rate-hikes-in-2018.md) | -0.5% | -0.2% |
| DXY | 2022-08-30 | [Bank of Korea warns of more market volatility ahead as Fed signals more rate hikes](https://feedsoft.ai/events/40279-bank-of-korea-warns-of-more-market-volatility-ahead-as-fed-signals-more-rate.md) | +1.1% | +4.0% |
| DXY | 2018-03-21 | [Fed hikes rates and raises GDP forecast again](https://feedsoft.ai/events/65902-fed-hikes-rates-and-raises-gdp-forecast-again.md) | -0.8% | -1.3% |
| DXY | 2026-09-16 | [Canadian dollar hits six-week low as investors bet on additional Fed rate hikes \| Reuters](https://feedsoft.ai/events/17700-canadian-dollar-hits-six-week-low-as-investors-bet-on-additional-fed-rate-hikes.md) | +0.6% | +2.6% |

## Sources

- thefinance.co.kr: https://thefinance.co.kr/en/financials/story/2026/11/n-1839

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.