Dow Jones Global plans to bet that the Federal Reserve may cut interest rates by 50 basis points in June
2024-04-09 15:14:47
State Street Global Advisors is betting that the Federal Reserve will cut interest rates by 50 basis points as early as June. This institution believes that the Federal Reserve will cut interest rates before the November US presidential election. In addition, the company expects the Federal Reserve to cut interest rates by a cumulative 150 basis points by the end of this year, which is 2.5 times the current market pricing. Dao Fu Global insists that the US economy is not as strong as it appears on the surface, and indicators such as credit card default rates and small business credit costs suggest that the economy may experience a downturn later this year.
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