Federal Reserve rate cut seen in Q2 of 2024

<p>The most recent Bank of America global fund manager survey shows expectations are skewing towards Q2 of 2024 for the first Federal Open Market Committee (FOMC) rate cut:</p><p>Some of the other survey results:</p><ul><li>60% expect weaker global growth</li><li>68% say the economy will see a soft landing</li><li>21% anticipate a hard landing</li><li>48% of fund managers forecast the start of a global recession will take place by the end of Q1 2024, 25% think the downturn will hit in Q4 of this year</li><li>45% see high inflation as the greatest market risk</li></ul>

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