175bp of rate cuts forecast from the Federal Open Market Committee (FOMC) in 2024

<p>A couple of responses to the Federal Open Market Committee (FOMC) on Wednesday:</p><ul><li>JP Morgan are forecasting the first Federal Open Market Committee (FOMC) rate cut in June 2024 (JPM were previously forecasting July). See a target Fed Funds range 125bp lower by the end of 2024</li><li>Soc Gen are forecasting the first Federal Open Market Committee (FOMC) rate cut in May 2024 but are also saying a March cut is becoming likely. See a total of 150bp of cuts next year.</li><li>Capital Economics forecast the FOMC to cut 25bp at every meeting from March onwards next year, total of 175bp</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.