What BofA says it would take for the Fed's next rate move to be a hike

Fed Chair Jerome Powell

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• The Federal Reserve is likely done cutting rates amid robust economic activity, BofA analysts say.
• They see a hike as a more likely than a cut at this point, and lay out what it would take to get one.
• The outlook comes after a surprisingly strong December jobs report.

The Federal Reserve's next rate move might be a hike, according to Bank of America analysts.

The analysts say the Fed is likely done with...