SEI Chief Investment Officer: Expectations of three Fed rate cuts this year are too high

According to ChainCatcher, SEI Chief Investment Officer Jim Smigiel said that expectations that the Federal Reserve will cut interest rates three times this year seem too high.

“We do not expect to see this,” he said in a note.

He said a 25 basis point rate cut in September seemed likely, while a further cut in December "remains on the table".