RBC expects a December Federal Reserve rate cut (were previously tipping June) | Forexlive
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RBC has revised their forecast for the Federal Open Market Committee (FOMC) this year, now expecting a 25 basis point rate cut in December instead of June. The U.S. economy is showing signs of reacceleration in inflation, with the Fed's "supercore" inflation measure doubling to 8.2% in March compared to last December. RBC has also cut their rate cut expectations for 2024 from three to one. Other banks, such as Deutsche Bank and Bank of America, have also revised their forecasts to expect a December rate cut instead of June.

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https://www.forexlive.com/centralbank/rbc-expects-a-december-federal-reserve-rate-cut-were-previously-tipping-june-20240411/