Fed to start cutting rates midyear in 2024 with hi
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Posted On: 12/13/2023 7:43:15 AM
Fed to start cutting rates midyear in 2024 with high chance of soft landing, CNBC
PUBLISHED TUE, DEC 12 20237:30 AM ESTUPDATED TUE, DEC 12 20239:46 AM EST
Fed to begin cutting rates in June, according to a majority of the respondents to the CNBC Fed Survey.
Respondents see the probability of a soft landing at 47%, up 5 points from the October survey. They lowered the probability of a recession in the next year by 8 points to 41%.
The 35 respondents to the survey include economists, strategists and analysts. The Fed decides on rates and gives its economic outlook Wednesday.
PUBLISHED TUE, DEC 12 20237:30 AM ESTUPDATED TUE, DEC 12 20239:46 AM EST
Fed to begin cutting rates in June, according to a majority of the respondents to the CNBC Fed Survey.
Respondents see the probability of a soft landing at 47%, up 5 points from the October survey. They lowered the probability of a recession in the next year by 8 points to 41%.
The 35 respondents to the survey include economists, strategists and analysts. The Fed decides on rates and gives its economic outlook Wednesday.
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