Has the door closed on summer rate cuts? These private banks think so

By Stanley Yupu Li , senior reporter | 12 April 2024 | 3 minutes read

Private banks are rapidly dialling back their expectations for interest rate cuts by early summer, with some big names on the street pushing back their forecasts for looser monetary conditions until later in the year amid resurgent inflationary pressures. Those calls come on the back of indications the US economy shows little signs of cooling down. Both the headline and…

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