Fed Will Cut Interest Rates — But When? Most Investors Agree It Won't Be July, Bank Of America Says
Fed Will Cut Interest Rates — But When? Most Investors Agree It Won't Be July, Bank Of America Says
The Fed has maintained its benchmark policy rate in the 5.25%-5.5% range since July 2023 to counter inflationary pressures.According to Bank of America's monthly global fund manager survey, investors are confident the Federal Reserve will lower interest rates at least twice in the next year.
根據美國銀行月度全球基金經理調查，投資者對聯儲局在未來一年內至少兩次降息持有信心。
What Happened: Here's a breakdown of the findings, per Barron's:
以下是該調查結果的詳細情況（根據Barron's）：
- 84% of investors anticipate a rate cut sometime in 2024.
- 33% of respondents foresee two rate cuts in the coming year.
- 31% predict three cuts.
- 14% expect more than three reductions.
- 8% believe the Fed will maintain current rates throughout the period.
- 39% of investors predict a rate cut in September.
- 16% expect a cut in November.
- 23% foresee a cut in December.
- 6% believe a rate cut will occur as early as July.
- 84％的投資者預計在2024年某個時候會進行降息。
- 33％的受訪者預測未來一年將有兩次降息。
- 31％的受訪者預測將有三次降息。
- 14％的受訪者預期將有三次以上降息。
- 8％的受訪者認爲聯儲局將在整個時期內保持當前利率不變。
- 39％的投資者預測9月會降息。
- 16％的投資者預測11月將降息。
- 23％的投資者預測12月將降息。
- 6％的投資者認爲將在7月進行降息。
Why It Matters: The Federal Reserve's interest rate decisions significantly impact the economy, borrowing costs, interest rates and the stock market.
爲什麼重要：聯儲局的利率決策對經濟、借貸成本、利率和股票市場都有重要影響。
The Fed has maintained its benchmark policy rate in the 5.25%-5.5% range since July 2023 to counter inflationary pressures.
自2023年7月以來，聯儲局一直將其基準政策利率維持在5.25％-5.5％的範圍內，以應對通貨膨脹壓力。
Its projections, released earlier this month, indicate the median forecast of all 19 U.S. central bankers was for a single interest rate cut this year.
聯儲局本月早些時候公佈的預測顯示，所有19名美國央行行長的中值預測是今年進行一次降息。
When? Neel Kashkari, the President of the Minneapolis Federal Reserve, says "toward the end of the year."
什麼時候？明尼阿波利斯聯邦儲備銀行行長尼爾·卡什卡里（Neel Kashkari）表示，“年底時期”。
What's Next: The next Federal Open Market Committee meeting will be held July 30-31.
下一次聯邦公開市場委員會會議將於7月30日至31日舉行。
At last month's FOMC meeting, Fed Chair Jerome Powell pushed back on fears of rate hikes, deeming them as "unlikely."
在上個月的聯邦公開市場委員會會議上，聯儲局主席鮑威爾（Jerome Powell）回應了加息擔憂，稱其“不太可能”。
Price Action: The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 0.075% at last check Tuesday, while bonds, as gauged by the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) were 0.52% higher.
價格行情：截至上週二最後檢查，標普500 ETF信託基金（SPY）上漲0.075％，債券方面，由iShares 20+ Year Treasury Bond ETF（TLT）衡量，漲幅爲0.52％。
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