FED Rate Cut Expectations Have Changed: 20 Giant Wall Street Banks Announce New Expectations

The post FED Rate Cut Expectations Have Changed: 20 Giant Wall Street Banks Announce New Expectations appeared on BitcoinEthereumNews.com. A recently released inflation report has led to a significant shift in expectations regarding the Fed’s interest rate cut schedule. The March inflation report caused a major shift in forecasts by sell-side banks and other Fed watchers, according to Wall Street Journal reporter Nick Timiraos. Previously, many people predicted that interest rates would be cut as early as June. But now the consensus has changed and many think the first rate cut will not happen until the third quarter of this year. There has also been a significant shift towards expectations of just one or two rate cuts this year. Here’s a look at the major banks’ new expectations for the first interest rate cut and the total amount of interest rate cuts in 2024: Bank of America: December, 25 Basis Points Barclays: September, 25 Basis Points BNPP: July, 50 Basis Points Citigroup: June, 125 Basis Points Deutsche Bank: December, 25 Basis Points Evercore ISI: July, 50 Basis Points Goldman Sachs: July, 50 Basis Points HSBC: June, 75 Basis Points Jefferies: June, 75 Basis Points JP Morgan: July, 75 Basis Points LH Meyer: September, 50 Basis Points Mizuho: Not in 2024, 0 Basis Points Morgan Stanley: June, 100 Basis Points MUFG: June, 125 Basis Points Nomura: July, 50 Basis Points Oxford Economics: June, 75 Basis Points RBC: Range, 25 Basis Points TD Securities: September, 50 Basis Points UBS: September, 50 Basis Points Wells Fargo: September, 50 Basis Points *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/fed-rate-cut-expectations-have-changed-20-giant-wall-street-banks-announce-new-expectations/

Apr 14, 2024 - 03:00
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FED Rate Cut Expectations Have Changed: 20 Giant Wall Street Banks Announce New Expectations

The post FED Rate Cut Expectations Have Changed: 20 Giant Wall Street Banks Announce New Expectations appeared on BitcoinEthereumNews.com.

A recently released inflation report has led to a significant shift in expectations regarding the Fed’s interest rate cut schedule. The March inflation report caused a major shift in forecasts by sell-side banks and other Fed watchers, according to Wall Street Journal reporter Nick Timiraos. Previously, many people predicted that interest rates would be cut as early as June. But now the consensus has changed and many think the first rate cut will not happen until the third quarter of this year. There has also been a significant shift towards expectations of just one or two rate cuts this year. Here’s a look at the major banks’ new expectations for the first interest rate cut and the total amount of interest rate cuts in 2024: Bank of America: December, 25 Basis Points Barclays: September, 25 Basis Points BNPP: July, 50 Basis Points Citigroup: June, 125 Basis Points Deutsche Bank: December, 25 Basis Points Evercore ISI: July, 50 Basis Points Goldman Sachs: July, 50 Basis Points HSBC: June, 75 Basis Points Jefferies: June, 75 Basis Points JP Morgan: July, 75 Basis Points LH Meyer: September, 50 Basis Points Mizuho: Not in 2024, 0 Basis Points Morgan Stanley: June, 100 Basis Points MUFG: June, 125 Basis Points Nomura: July, 50 Basis Points Oxford Economics: June, 75 Basis Points RBC: Range, 25 Basis Points TD Securities: September, 50 Basis Points UBS: September, 50 Basis Points Wells Fargo: September, 50 Basis Points *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/fed-rate-cut-expectations-have-changed-20-giant-wall-street-banks-announce-new-expectations/

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