# Bank of America’s Cabana Says More Than Three Fed Hikes May Be Needed

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/50330
Published: 2026-11-06T20:47:35.000Z
Updated: 2026-11-06T20:47:35.000Z
Section: Regulation

> The federal-funds target range is 3.75% to 4.00%, and the effective rate was 3.88% in early November.

Bank of America’s Mark Cabana said the Federal Reserve may still raise interest rates, with inflation above target despite a recent pause in rate adjustments.

Cabana said the central bank may need more than three additional rate increases. The Fed’s target range is 3.75% to 4.00%, and the effective federal-funds rate was 3.88% in early November.

Inflation and employment data, upcoming Federal Open Market Committee meetings and policymakers’ statements will help shape expectations for the Fed’s next moves.