Major brokerages expect the Fed to cut rates from September or later
June 10, 2024
The latest mixed data has prompted major brokerages to lower their expectations for a US Federal Reserve rate cut in September or beyond.
The Federal Open Market Committee (FOMC) is widely expected to leave the benchmark overnight interest rate unchanged at its two-day meeting that ends on Wednesday. The range stands at 5.25-5.50%, where it has been since July last year.
