Mars Finance News, on April 7, TD Securities stated that worsening trade tensions might prompt the Federal Reserve to cut rates early, with the 10-year U.S. Treasury yield potentially dropping to 3% by the end of the year. Oscar Munoz and other strategists wrote in their report, "We have moved our forecast for the FOMC's first rate cut from July to June, and now expect the committee to continue cutting rates at subsequent meetings until May 2026." Additionally, analysts estimate a 50% chance of a recession in the United States. As President Trump's tariff actions impact global markets, TD Securities has joined institutions like Goldman Sachs and UBS Global Wealth Management in advancing expectations of U.S. policy easing. Swap traders now price in more than four Federal Reserve rate cuts by year-end, compared to around three cuts on April 1, the day before Trump announced unexpectedly high reciprocal tariffs. (JX)
Institution: The probability of a US recession is 50%, and the Federal Reserve is expected to announce a rate cut in June
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