HSBC cuts their Fed forecast to 25bp this year, from 75bp previously

HSBC have revised their Federal Open Market Committee (FOMC) projections for 2024 and 2025. Analysts at the bank say the the timing of the first rate cut is still very uncertain:

• forecast 25bp of cuts this year
• forecast 75bp of cuts in 2025

More:

• strong dollar is going to persist
• strong U.S. economy, evident in the activity numbers and stickier inflation, will make it difficult for the Fed to start cutting rates

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