Data compiled by Woofun AI indicates that a June survey by Bank of America reveals 40% of global fund managers now anticipate the Federal Reserve will raise interest rates at least once over the next 12 months. This expectation represents a substantial increase from the 16% recorded in May.

Concurrently, the proportion of investors forecasting at least one rate cut has retreated significantly to 28%, down from 50% the previous month.

Meanwhile, 28% of respondents maintain that the federal funds rate will remain unchanged during this period. The survey period spanned from June 5 to June 11.