Based on comments from Fed officials this week, we now expect the Fed to wait until June to begin cutting interest rates. Our forecasts now assume 100bp of cuts this year and a further 100bp next year, with the fed funds rate at 4.25%-4.50% at end-2024 and 3.25%-3.50% at end-2025.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.