Walter Bloomberg said on X that Bank of America now expects the Federal Reserve to raise interest rates three times this year, a significant shift from its earlier view that rates would stay unchanged. The bank said stronger economic data, stubborn inflation, and recent comments from Fed Chair Kevin Warsh led to the revised forecast. Bank of America expects the Fed to increase rates by a quarter percentage point in September, October, and December. If those hikes happen, the benchmark rate would rise to between 4.25% and 4.5%, up from the current range of 3.5% to 3.75%.  [...]