Financial giant ING forecasts a 150 basis point rate cut in 2024

TechFlow news — financial giant ING predicts the Federal Reserve will cut interest rates in the second quarter of next year. ING's Chief International Economist said: "We currently forecast a 150-basis-point rate cut in 2024, followed by a further 100-basis-point cut at the beginning of 2025." He noted that U.S. economic data shows moderate growth, cooling inflation, and a softening labor market, which aligns with the Fed's policy goals.