Bank of America reports a significant revision to its macroeconomic outlook, projecting that the Federal Reserve will implement three consecutive interest rate increases of 25 basis points each in September, October, and December 2026. This updated forecast represents a decisive departure from the bank's previous assessment, which had anticipated no changes to the benchmark interest rate throughout the current year. The shift underscores a growing expectation among institutional analysts that monetary policy will tighten later in the decade, potentially impacting liquidity conditions and asset valuations across global markets.