Institution: The Federal Reserve is expected to cut interest rates more times this year than currently anticipated.
BlockBeats News, March 19, Roger Lueger, Head of Multi-Asset Solutions at Swisscanto/ZKB, stated in a report that the Federal Reserve may cut rates more than currently expected this year, mainly due to a potential weakening in the labor market. The Federal Reserve kept its policy rate unchanged as expected this week and projected one rate cut this year and one in 2027.
"Our outlook is slightly different; we expect rate cuts in September and December, mainly due to a weak labor market." According to LSEG data, the money market currently expects less than one rate cut this year. (Golden Ten Data)
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