Bank of America Sees Consumer Staples Beating Broader Stock Market if Fed Prolongs Rate Cuts in 2026

On January 17, 2026, Bank of America's Savita Subramanian said at a 2026 outlook meeting that consumer staples and lower price-point retailers could strongly outperform the wider stock market if the Federal Reserve keeps cutting interest rates. She added that a shift toward more populist policies ahead of next year's midterm elections may further support a rebound in broader consumer spending.