Fed Rate Cut Expectations Shift to October Amid Economic Uncertainty
TL;DR
Bank of America Global Research has moved up its forecast for the Federal Reserve to cut interest rates to October from December, citing signs of a weakening labor market and disruptions caused by the government shutdown, which has delayed key economic data. The firm remains the only major Wall Street bank predicting just one rate cut this year, while others expect two.
- BofA Global Research moves Fed rate cut forecast to October from December Reuters
- How an October Fed rate cut could impact mortgages, according to experts CBS News
- Fed Expected To Cut Interest Rates Again In October Forbes
- The government shutdown is likely to cement additional Fed interest rate cuts CNBC
- Fed likely to hold steady as data blackout clouds rate outlook Mortgage Professional America
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