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Economists at ING expect the Federal Reserve to start cutting rates in June.
125 bps of cuts this year, starting in June
We anticipate that the Federal Reserve, being cautious about triggering a recession, will aim to transition monetary policy from a restrictive stance to a more neutral position before summer.
Our forecast suggests a total of 125 basis points (bps) in rate cuts this year, commencing in June. Additionally, we anticipate another 100 bps of cuts in 2025, as the Fed seeks to engineer a soft landing for the economy.
