BoFA now expects two hikes of 50 basis points each at the Fed's June and July meetings with "risks" of those expectations being pulled forward into May and June respectively. Adds Citi Fed hike forecast LONDON/NEW YORK, March 25 (Reuters) - Bank of America (BofA) and Citi have joined a small but growing number of top investment banks calling for more aggressive interest rate increases from the U.S. Federal Reserve against a backdrop of soaring inflation data and hawkish comments from policymakers. "This represents a 25 bps higher terminal rate achieved 7 months earlier vs previously forecast."