US Fed on track to cut rates in June, Morgan Stanley’s Zentner says
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The US Federal Reserve is expected to cut interest rates in June, according to Ellen Zentner, chief US economist at Morgan Stanley. Zentner believes that the market's expectation of about three cuts this year is in line with the Fed's view. However, she expects four cuts in total, with the fourth quarter seeing an acceleration of rate cuts due to inflation coming down faster than the Fed. Nouriel Roubini, chairman of Roubini Macro Associates, highlighted that markets are now less optimistic on rate cuts than the Fed, as they consider the possibility of higher inflation due to factors such as higher-than-expected growth or geopolitical risks impacting inflation.



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