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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.
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 and a further 100-basis-point cut at the beginning of 2025." He noted that U.S. economic data indicate moderate growth, cooling inflation, and a softer labor market, aligning with the Fed's policy goals.
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