Financial institutions have revised their forecasts for the U.S. Federal Reserve's interest rate cuts, with UBS, Goldman Sachs, Bank of America, and Barclays all now expecting the cuts to begin in May instead of March. This shift in expectations comes as the probability of a Fed rate cut in May has become nearly a coin toss, with a March cut no longer priced in. UBS specifically expects Jerome Powell and the U.S. Fed to initiate the rate cuts in May.
β οΈ CANADIAN MARKET EXPERTS SEE RATES STARTING TO DROP IN APRIL - BOC SURVEY (Reuters) Canadian market participants expect the Bank of Canada (BoC) to start lowering its key policy rate from a 22-year high of 5% in April, the same as their previous forecast, according to aβ¦
π΄ BANK OF CANADA Q4 MARKET PARTICIPANTS SURVEY: THE MEDIAN FORECAST IS FOR A RATE CUT IN APRIL, SAME AS THE Q3 SURVEY.
Goldman: March β> May B of A: March β> June UBS: March β> May Barclays: March β> May #FOMC @DeItaone https://t.co/GoJxeZUQCF
UBS Expects US Federal Reserve To Cut Interest Rates At May Vs Prior Estimate Of March
Goldman: March β> May B of A: March β> June UBS: March β> May #FOMC https://t.co/GoJxeZUQCF
UBS just said it now expects Jerome Powell and the πΊπΈ Fed to start cutting rates in May back from its prior estimate of starting in March
β UBS EXPECTS U.S. FEDERAL RESERVE TO CUT INTEREST RATES AT MAY VS PRIOR ESTIMATE OF MARCH
πΊπΈ UBS EXPECTS U.S. FEDERAL RESERVE TO CUT INTEREST RATES AT MAY VS PRIOR ESTIMATE OF MARCH https://t.co/Wo5gwvfBFV
π΄ UBS EXPECTS US FEDERAL RESERVE TO CUT INTEREST RATES AT MAY VS PRIOR ESTIMATE OF MARCH.
Chart tracks probability of a Fed rate cut in May. We went from a sure thing to now nearly a coin toss. A March cutβs been priced out. Could May be next? https://t.co/MqRFPKb2v0