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Following the higher-than-expected inflation data announced yesterday, many companies operating on Wall Street revised their forecasts regarding the FED's interest rate cuts.
While Standard Chartered previously predicted four interest rate cuts, it now expects the FED to cut interest rates by 25 basis points twice this year. The bank also predicts that the Fed will start reducing interest rates in the third quarter of 2024, not in the second quarter as previously predicted.
TD Securities also predicts that the FED will make two interest rate cuts this year and the first cut will take place in September.
Wells Fargo updated its forecasts, expecting the Fed to cut interest rates by 25 basis points in September and then cut rates by 25 basis points at each Federal Open Market Committee (FOMC) meeting through the end of next year. This is a change from their previous forecast, which called for rate cuts to begin in June.
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BNP Paribas now expects the FED to start cutting interest rates in July, a month later than its previous expectations of June. The bank also expects the institution to cut interest rates in July and December, contrary to its previous predictions that interest rates would be cut in June, September and December. While BNP Paribas previously predicted that it would cut interest rates three times, it now expects to cut interest rates twice this year.
Finally, Goldman Sachs thinks that the FED's first interest rate cut will occur in July, one month later than its previous predictions in June.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/banks-revised-interest-rate-cut-forecasts-after-yesterdays-inflation-data-shock-here-are-the-new-dates-and-forecasts/" rel="noopener noreferrer nofollow">Banks Revised Interest Rate Cut Forecasts After Yesterday’s Inflation Data Shock: Here are the New Dates and Forecasts</a>

Banks Revised Interest Rate Cut Forecasts After Yesterday’s Inflation Data Shock: Here are the New Dates and Forecasts

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