Report
Théophile LEGRAND

Fed : -50 bp but no sprint?

The Fed kicked off its rate-cutting cycle by cutting rates by 50 bp, while announcing a gradual pace. The market expects both the Fed and the ECB to return rates to around neutral by mid-2025. The Fed has certainly put risky assets back on track for the end of the year. However, US macro-risk remains on the table and the sensitivity of assets to macro newsflow will remain high as long as the scenario of a hard landing has not been ruled out.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Théophile LEGRAND

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