According to online reports, Bank of America predicts that although the market expects interest rate cuts, the U.S. economy will avoid recession in 2025 and the Federal Reserve will not cut interest rates this year. The bank pointed to strong consumer spending and rising commodity inflation as a sign of continued resilience in the economy, and noted that June retail sales data exceeded expectations. Bank of America warned that politically motivated interest rate cuts could destabilize inflation expectations and increase credit risk. Looking ahead, the bank expects jobless claims to rise slightly, housing data to remain stable, and durable goods orders released on Friday could fall 11%.