He’s backing a forecast that calls for three rate hikes before the year is out, a stance that puts BofA squarely in the most hawkish corner of Wall Street. From rate cuts to rate hikes: BofA’s U-turnBank of America didn’t start the year expecting hikes. BofA’s revised outlook, published on June 22, represents one of the most aggressive calls among major Wall Street banks. What this means for crypto and risk assetsRate hikes are the gravitational force that pulls capital away from speculative assets. A move to 4.25%-4.50% on the fed funds rate would likely keep the dollar elevated through year-end.