Bank of America’s global fund manager survey – most expect first Fed rate cut in September

Via 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