Bank of America, Deutsche Bank Say Fed Won’t Cut Until December

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Economists at Deutsche Bank AG and Bank of America Corp. predict that the Federal Reserve will ease policy just once this year, in December. This is a sharp reduction in previous forecasts from both firms, which each previously saw the Federal Reserve beginning to ease policy starting in June. The recalibration is occurring across Wall Street after inflation figures strengthened conviction that the Fed will hold steady until it sees signs that consumer-price increases are pulling closer to its 2% annual target. Deutsche Bank's forecast sees the Fed cutting rates twice in the first half of 2025 and then pausing until 2026. Bank of America continues to expect the central bank to reduce borrowing costs four times in 2025 and another two times in 2026.

https://finance.yahoo.com/news/first-fed-rate-cut-won-163623550.html