On July 28, although the market expects a small possibility that the Fed will raise rates in July, Bank of America still expects the Fed to keep rates unchanged. The bank said that if the Fed raises rates in July, it would be unprecedented: since 1994, the Fed has never raised rates when the market probability of a rate hike was below 60%. Bank of America believes that higher oil prices are the main inflation risk and remains bullish on the dollar. (Jin10)