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SEI Chief Investment Officer: The Fed is unlikely to cut interest rates three times this year

SEI Chief Investment Officer: The Fed is unlikely to cut interest rates three times this year

Cointime2024/07/18 13:13
By: Cointime
RSR-1.10%SEI-0.71%

SEI's Chief Investment Officer Jim Smigiel said that the expectation of three interest rate cuts by the Federal Reserve this year seems too high. He stated in a report, "We don't expect to see that happen." He said that a 25 basis point rate cut in September seems possible, while further cuts in December are "still on the table."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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