According to TechFlow, according to Jinshi Data, the Bank of America Global Fund Manager Monthly Survey shows that investors firmly believe that the Federal Reserve will cut interest rates at least twice in the next 12 months, and 84% of investors expect the Federal Reserve to cut interest rates at some point in 2024.

Thirty-three percent of respondents expect the Fed to cut rates twice in the next 12 months, 31% expect three cuts, and 14% expect more than three cuts. Only 8% think the Fed will not cut rates during this period.

In terms of specific timing, 39% of investors expect the Fed to cut interest rates in September, 16% expect it to cut interest rates in November, and 23% expect it to cut interest rates in December. Only 6% of investors expect the Fed to cut interest rates as early as July.