State Street Stands by Contrarian Bet Fed Will Cut Rates in June

📆 4/16/2024 11:03 AM
📰 BNNBloomberg

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State Street Global Advisors is standing by a contrarian call for the Federal Reserve to cut interest rate as soon as June despite a string of hot economic data that has spurred most traders to push back bets to later in the year.

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State Street Sees Half-Point Fed Rate Cut as Soon as June(Bloomberg) -- State Street Global Advisors is bucking the recent hawkish shift in market consensus to bet that the Federal Reserve will cut interest rates...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »