Impending Fed Rate Cut and Banking Sector Implosion Predicted by Expert

The Federal Reserve may cut interest rates as early as June due to signs of deterioration in the job market, an unavoidable recession that could begin as early as June, inflation that is long past its cycle peak, and a rapid fall in velocity leading to a stock-market selloff. Cutting interest rates would also improve the solvency of the regional-bank sector, the focal point of the current crisis. The market does not currently see the first full cut priced until September, but it could come much more abruptly than expected.