Posted 12/10/2023, 4:56:00 PM
Analysts Foresee Fed Cutting Rates Significantly in 2024 To Combat Economic Slowdown
- UBS forecasts the Fed will cut rates aggressively by 275 basis points in 2024 due to recession
- Macquarie expects 225 basis points of cuts due to high real interest rates and falling inflation
- ING sees 150 basis points of cuts given moderating economy and inflation
- Markets are pricing in 125 basis points of cuts next year to bring rates to 4.00%-4.25%
- Barclays expects cautious 100 basis point cuts in both 2024 and 2025 due to resilient economy