Federal Reserve rate cut seen in Q2 of 2024

The most recent Bank of America global fund manager survey shows expectations are skewing towards Q2 of 2024 for the first Federal Open Market Committee (FOMC) rate cut:

Some of the other survey results:

  • 60% expect weaker global growth
  • 68% say the economy will see a soft landing
  • 21% anticipate a hard landing
  • 48% of fund managers forecast the start of a global recession will take place by the end of Q1 2024, 25% think the downturn will hit in Q4 of this year
  • 45% see high inflation as the greatest market risk

This article was written by Eamonn Sheridan at www.forexlive.com. Source