Fed rate cuts may boost global market optimism
market hours1 source ↓written by the desknot a recommendation
- of a soft
- 60% probability
- by end-2024
- 3%
Global investors are optimistic as the U.S. Federal Reserve's rate cuts gain traction, with a 60% probability of a soft landing in the U.S. economy. Fook Hien Yap from Standard Chartered Bank anticipates one more cut this year and three next year, potentially lowering the Fed funds rate to 3% by end-2024. This environment, coupled with rising earnings forecasts, historically supports market growth.
Not investment advice. For informational purposes only.