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TD Securities delays Federal Reserve rate cut expectations until June, still expects three rate cuts this year
GateNewsBot
ChainCatcher News reports that TD Securities has delayed its forecast for the Federal Reserve’s next rate cut from March to June, still expecting a total cut of 75 basis points this year, bringing the terminal rate to 3%. The firm expects the Fed to cut rates by 25 basis points each in June, September, and December. TD Securities Chief U.S. Macro Strategist Oscar Munoz stated that the anticipated easing policy is not due to worsening economic conditions, but rather a result of monetary policy “normalization” as inflation gradually returns to target levels.
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