Analysts at Bank of America project the US Federal Reserve will cut its funds rate by 100 basis points in 2024
- first cut in March
BoA also:
- predicts a soft landing in the US economy
- a durable economic expansion thanks to a resilient labor market
BoA note a ‘few risks’, both geopolitically and fiscally
- conflict in the Middle East, the Russia-Ukraine war, and national elections in a few countries, including the US, in 2024
- high US government debt level
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Federal Open Market Committee (FOMC) data this year:
This article was written by Eamonn Sheridan at www.forexlive.com. Source