The Federal Reserve is poised to cut interest rates six times in 2024, according to ING Economics. AdvertisementAn economy that is showing clear signs of decelerating means the Federal Reserve will cut interest rates at least six times in 2024, according to a Thursday note from ING Economics. Knightley expects the interest rate cuts to extend into 2025 with at least four 25 basis point interest rate cuts. And it might not break if the Fed can successfully ease interest rates lower before the economy enters a recession. UBS expects the Fed to cut interest rates by a whopping 275 basis points next year in response to a recession.

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Persons: —, James Knightley, Knightley Organizations: Federal, ING Economics, Service, Reserve, ING, Fed, UBS Locations: 1,841k