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SEI Chief Investment Officer: The Federal Reserve is unlikely to cut interest rates three times this year
Jim Smigiel, chief investment officer at SEI, said expectations that the Fed would cut rates three times this year appeared too high. "We don't expect to see that happen," he said in a note. A 25 basis point cut in September appeared likely, he said, while further cuts in December "remain on the table".
2024-07-18 12:40:45
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