Bank of America expect an extended series of Federal Reserve and Bank of Canada rate cuts ...Middle East

Analysts at Bank of America see a huge flip to dovish for the US Federal Reserve and the Bank of Canada:Forecast a 25bp rate cut at the next five Federal Open Market Committee (FOMC) meetings:September 17-18, 2024 November 6-7, 2024 December 17-18, 2024January/February 31-1, 2025March 21-22, 2025And, for the Bank of Canada:25bp cuts at every meeting in the foreseeable futurepolicy rate to 3.75% by end-20243.00% by April 2025back of core inflation still trending downbar to cut 50bp is high (2Q growth rebound & BoC expect growth will strengthen further in 2H)bar to skip a meeting is also high This article was written by Eamonn Sheridan at www.forexlive.com.

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