Economists at ING expect the Federal Reserve to start cutting rates in June.
125 bps of cuts this year, starting in June
Given the Fed doesn’t want to cause a recession if it can avoid it, we believe they will be in a position to start moving monetary policy from restrictive territory to a more neutral footing before the summer.
We expect 125 bps of cuts this year, starting in June, with a further 100 bps in 2025 as they seek a soft landing for the economy.
Source: https://www.fxstreet.com/news/the-fed-will-be-in-position-to-start-moving-monetary-policy-to-a-more-neutral-footing-before-the-summer-ing-202403191456