BoA expect the US Federal Reserve will cut its funds rate by 100 basis points in 2024

<p>Analysts at Bank of America project the US Federal Reserve will cut its funds rate by 100 basis points in 2024</p><ul><li>first cut in March</li></ul><p>BoA also:</p><ul><li>predicts a soft landing in the US economy</li><li>a durable economic expansion thanks to a resilient labor market</li></ul><p>BoA note a 'few risks', both geopolitically and fiscally</p><ul><li>conflict in the Middle East, the Russia-Ukraine war, and national elections in a few countries, including the US, in 2024</li><li>high US government debt level</li></ul><p>**</p><p>Federal Open Market Committee (FOMC) data this year:</p>

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