Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025


Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025
Key Points Economists and strategists now see the Fed waiting until at least September to cut interest rates and are increasingly entertaining the possibility of no reductions at all this year. Bank of America economists said there is a “real risk” that the Fed won’t cut until March 2025 “at the earliest,” though for now they’re still going with a December forecast. Hope remains that the inflation data turns lower in the next few months and gives the Fed room to ease. If there was any doubt before, Federal Reserve Chair Jerome Powell has pretty much cemented the likelihood that there won’t be interest rate reductions anytime soon. Now, Wall Street is wondering if the central bank will cut at all this year... ...more RSK: I agree, the economy is still too hot from all the money the WHite House pushed into it. Printing presses are still running and the handouts are too much at the moment. They may never learn.
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Key Points

Economists and strategists now see the Fed waiting until at least September to cut interest rates and are increasingly entertaining the possibility of no reductions at all this year.
Bank of America economists said there is a “real risk” that the Fed won’t cut until March 2025 “at the earliest,” though for now they’re still going with a December forecast.
Hope remains that the inflation data turns lower in the next few months and gives the Fed room to ease.

If there was any doubt before, Federal Reserve Chair Jerome Powell has pretty much cemented the likelihood that there won’t be interest rate reductions anytime soon.

Now, Wall Street is wondering if the central bank will cut at all this year...

...more

RSK: I agree, the economy is still too hot from all the money the WHite House pushed into it. Printing presses are still running and the handouts are too much at the moment. They may never learn.

Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025

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