The median value of the Federal Reserve's June dot matrix shows that the Federal Reserve expects to cut interest rates twice in 2025, 25 basis points each time, consistent with March expectations. It is expected that interest rates will be cut once in 2026, 25 basis points each time, a decrease from the two times in March. It is expected that interest rates will be cut once in 2027, 25 basis points each time, consistent with March expectations.
Gilt yields rose as expectations of fewer interest rate cuts intensified after the higher-than-expected UK inflation data, with headline inflation rising to an annual rate of 2.3 per cent in October from 1.7 per cent in September, above the consensus forecast of 2.2 per cent among economists polled by the Wall Street Journal. Richard Flacks, chief investment officer at Moneyfarm, said in a note: "This rise in inflation reduces the likelihood of a rate cut in December as policymakers remain cauti...
Federal Reserve Director Waller: In the current economic situation, there is still no need to rush to cut interest rates. The Federal Reserve may need to maintain its current interest rate target for a longer period than expected, and data shows that the number of rate cuts may decrease this year.