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.
Hence then, the article about bank of america expect an extended series of federal reserve and bank of canada rate cuts was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Bank of America expect an extended series of Federal Reserve and Bank of Canada rate cuts )