US Fed Sounds Relaxed About Inflation, Meaning We Still Expect Cuts From June
Country Risk / United States / Wed 20 Mar, 2024
Key View
- We still expect the Fed will cut its funds rate by 100bps this year to 4.50%, beginning in June. A further 175bps will follow next year that will take the funds rate down to 3.00% by December 2025.
- The Fed left the funds rate unchanged at 5.50%, but officials maintained their guidance for three cuts this year (to 4.75%) despite