Bank of America: The Fed is expected to start cutting interest rates in September and will cut interest rates twice this year
BlockBeats news, on June 6, Bank of America economists said in a report that the Federal Reserve may keep interest rates unchanged next week, while expecting two interest rate cuts this year starting in September. The bank said: "The upcoming data should convince the Fed that the economy is cooling, but it needs more evidence of slowing inflation before it can cut interest rates." This forecast coincides with market pricing based on CME data. Meanwhile, the European Central Bank cut interest rates as expected today, but some analysts sensed a tough tone in the central bank's communication, indicating that there may be no further interest rate cuts in the future.
