• BNY expects Fed to lower rates by 25bps tonight in the ‘last cut for a while’

    Source: Buzz FX / 18 Dec 2024 02:19:22   America/New_York


    John Velis, BNY’s Americas macro strategist, expects the US Federal Open Market Committee (FOMC) to lower the Federal Funds Rate by 25 basis points (bps) on Dec 18 (Dec 19 Singapore time).
    In addition, this is likely to be the “last cut for
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