Bank of America just pulled the plug on 2026 rate cuts — none left this year.

Inflation is sticky and jobs are strong — so no Fed cuts anytime soon.

The real story? 2026's biggest Fed disagreement since 1992 — 8 to 4 vote.

Tariffs, Iran war, and AI chaos are making Fed forecasts nearly impossible.

Next possible cut? Not until late 2027 — way later than anyone hoped.