Bank of America's global fund manager survey - most expect first Fed rate cut in SeptemberVia the Bank of America's global fund manager survey for July
- Most investors anticipate that the Federal Reserve will start cutting interest rates in September
- 56% of responding investors expect a first Fed rate cut at the September 17/18 meeting
- 87% anticipate a first cut in H2
I popped up this from FedWatch (CME) yesterday, the probability has risen further now, to 95.5%:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Bank of America's global fund manager survey - most expect first Fed rate cut in September (https://www.forexlive.com/centralbank/bank-of-americas-global-fund-manager-survey-most-expect-first-fed-rate-cut-in-september-20240717/)
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