In One Chart: Fed may hold rate steady in September and hike in November, says BofA. Here’s how markets might react 

The Federal Reserve will likely keep its interest rate steady at its September meeting while raising it in November, Bank of America economists say.

That might mean alleviated pressure for the risk markets next month, but increased volatility in November, Howard Du, FX Strategist at BofA, wrote in a Wednesday note. 

Compared with the S&P…