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FT: Fed May Cut Rates Quickly Next Year If Harris Wins

FT: Fed May Cut Rates Quickly Next Year If Harris Wins

Bitget2024/10/23 16:15


The FT team recently updated its forecasts for the Fed's interest rate outlook, predicting that if Harris wins the election, the Fed may cut rates quickly next year. Following a 50 basis point rate cut in September, the Fed may cut rates twice more in 2024 at a pace of 25 basis points, the analysis said. The Fed will cut rates by a total of 100 basis points by the end of this year, reducing the funds rate to 4.25-4.5 per cent. This is consistent with the Fed's September summary of economic projections.

If Harris wins the U.S. presidential election, the Fed will cut rates three more times in the first half of 2025, each time by 25 basis points, reducing the policy rate to 3.5-3.75 per cent.

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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