On April 4, Hussainy, a rate strategist at Colombia Thread Investment Company, stated: "The market is betting that the risk of recession and tightening financial conditions will force the Federal Reserve to significantly cut interest rates this year, possibly by around 100 basis points." Regarding Powell's speech later today, Hussainy believes: "If Powell and his team send any contradictory signals, short-term interest rates may deviate." (Jinshi)
Analyst: The Fed may cut interest rates by about 100 basis points this year
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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