Global markets are closely watching the US Federal Reserve's interest rate decision on June 12. A Reuters poll shows that nearly 70% of economists expect a rate cut in September. The Fed has paused rates seven consecutive times now after raising them 11 times.
June 10, 2024: The US Federal Reserve is unlikely to cut interest rates this calendar year, according to Ed Yardeni, President of Yardeni Research. However, he expects 1-2 cuts over the next 12 months.
June 2, 2024: James Knightley, ING's Chief International Economist, expects the earliest US Fed rate cut in September. However, the decision will depend on three factors: cooling core inflation, weakening consumer spending, and a slackening labour market.
May 30, 2024: Jahangir Aziz, Global Head of EM Economics at JPMorgan, anticipates that the Reserve Bank of India (RBI) will cut interest rates in August if the US Federal Reserve does so in July.
May 21, 2024: Robert Sockin, Global Economist at Citi anticipates a moderate but resilient US economy, leading to slower inflation decline, likely resulting in two rate cuts—one in Q3 and another in Q4.
May 17, 2024: Fook Hien Yap, Senior Investment Strategist at Standard Chartered Bank expects the US Federal Reserve to cut interest rates twice this year—once in the third quarter and again in the fourth quarter—positively impacting US market valuations.
April 19, 2024: CLSA in April revised its prediction for the first Fed rate cut to November.