ABN AMRO sees first Fed rate cut by September ...Middle East

ABN AMRO with some thoughts on the Fed:Expected to cut rates starting in September 2024Recent macro data indicate a cooling economy, with lower consumption as excess savings are depleted.But believes household balance sheets and accommodative financial conditions are expected to provide a floor for economic activity, preventing a deeper recession.Reasons for expecting cuts in September is continued disinflation, a normalizing labour market and evidence of an economic slowdown in the US.Think as a result the Fed will cut rates more than what markets are currently anticipating This article was written by Arno V Venter at www.forexlive.com.

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