Bank of America Corp. signage is displayed at a branch in New York on Friday, April 10, 2020.
An improving interest rate environment could motivate U.S. blue-chip companies in the second half of 2023 to execute bond sales that they initially slated for next year, according to Bank of America Corp. (BofA).
The Federal Reserve on Wednesday raised interest rates to the highest level in 22 years, and Chair Jerome Powell said the central bank hasn't made a decision to hike at every other meeting, bolstering bets the central bank will skip a rate increase in September.
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