Major brokerages retain US rate-cut view after soft inflation data
J.P. Morgan and Goldman Sachs expect the Fed to start cutting rates as soon as July, while Morgan Stanley, UBS Wealth Management, Bank of America, and Deutsche Bank see rate cuts coming in September or December. Expectations of interest rate cuts this year have boosted demand for equities, after a downbeat 2023 when steep borrowing costs dented the valuation of companies and forced consumers to rein in spending.
Source: yahoo.com
