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TD on the first Federal Reserve rate cut - penciled in Q2 of 2024

I posted earlier on the Bank of America fund manager survey:Federal Reserve rate cut seen in Q2 of 2024TD has a similar timing for their first expected Federal Open Market Committee (FOMC) rate cut:Finding the right level of interest rates is only the first order of tasks. The next becomes how long to hold at that level. Over the last three cycles, the Fed held the policy rate at the peak for an average of 9 months before starting to cut rates, but the range is wide at 7 to 14 months. The longes... Read More

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Posted: Jul 19 2023, 00:05

Author Name: forexlive

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