Fed Likely to Cut Rates Amid Rising Unemployment and Weak Jobs Data
TL;DR Summary
Bank of America now expects the Federal Reserve to cut interest rates twice in 2024, revising previous forecasts of no cuts this year, and anticipates three additional cuts in 2026.
- Bank of America now expects the Fed to cut rates after previously seeing no moves this year CNBC
- Fed Gets Green Light for Interest Rate Cuts as Unemployment Rate Jumps to 4-Year High Realtor.com
- Fed on track for string of rate cuts as labor market weakens Reuters
- Traders See Chance of Half-Point Rate Cut After Weak Payrolls The Wall Street Journal
- Jumbo-rate-cut chatter is rising after a dismal jobs report Business Insider
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