This only corresponds to the thinking of the Fed and currently market rates, as traders are currently pricing the first cut of interest rates for July with a total of 73 basis point rate cuts for the year. Although the probability of a move in June is currently about 62%.
Update: Goldman Sachs also moved to lower its forecast for a 75 basis point interest rate cut this year.
The company had previously expected interest rate cuts of 125 basis points this year, and its last update was last week it expected a cut in interest rates by the Federal Reserve by 100 basis points.
