Reported 4 months ago
BofA Global Research is the only major brokerage to revise its forecast for rate cuts by the Federal Reserve in 2024, estimating a 75-basis point cut in Q4 instead of the previously expected smaller cuts. This change follows a larger-than-usual rate reduction of 50 basis points announced by the Fed. Other brokerages have retained their earlier predictions, indicating varied expectations for the future direction of interest rates.
Source: YAHOO