The Fed will be in position to start moving monetary policy to a more neutral footing before the summer – ING

FXStreet Insights Team FXStreet

Economists at ING expect the Federal Reserve to start cutting rates in June.

125 bps of cuts this year, starting in June

Given the Fed doesn’t want to cause a recession if it can avoid it, we believe they will be in a position to start moving monetary policy from restrictive territory to a more neutral footing before the summer.

We expect 125 bps of cuts this year, starting in June, with a further 100 bps in 2025 as they seek a soft landing for the economy.

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