Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Financial giant ING expects the Federal Reserve to cut interest rates starting in the second quarter
TRADING NEWS

Financial giant ING expects the Federal Reserve to cut interest rates starting in the second quarter

By Crypto FlexsDecember 5, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Financial giant ING expects the Federal Reserve to cut interest rates starting in the second quarter
Share
Facebook Twitter LinkedIn Pinterest Email

Financial giant ING predicted that the Federal Reserve will begin lowering interest rates in the second quarter of next year. “We currently expect a rate cut of 150 basis points in 2024 and a further 100 basis points in early 2025,” said ING’s chief international economist, adding that US economic data showed “further tightening by the Federal Reserve.” “There is no need for a policy,” he confirmed.

ING’s outlook for a Fed interest rate cut

James Knightley, chief international economist at global financial services company ING, published an article last week explaining why he expects the Federal Reserve to begin cutting interest rates next year.

The economist cited US data showing moderate growth, cool inflation and a cool labor market, stressing that this is “exactly what the Fed wants to see.” He explained:

This would confirm that further tightening by the Fed is not necessary. We expect interest rate cuts from the Federal Reserve starting in the second quarter.

“We currently expect a rate cut of 150 basis points in 2024 and a further 100 basis points in early 2025,” he said.

ING economists highlighted that the number of initial unemployment claims rose to 218,000 last week, noting that “while initial claims remain low, continuing claims are clearly on the rise.” He added: “Essentially the message is that companies are reluctant to lay off employees but less willing to hire new ones. “In other words, more evidence that the labor market is cooling but not collapsing.”

Knightley said the October Personal Income and Expenditures report showed incomes and the core PCE deflator rising 0.2% month-on-month, suggesting inflationary pressures are “easing more broadly.” This means that “the annual core inflation rate has slowed from 3.7% to 3.5%, as expected,” he said.

The economist described spending as holding up but warned that the outlook was “deteriorating.” “Credit card delinquencies are on the rise as student loan repayment puts increasing financial pressure on millions of households,” he warned.

Weakening real household disposable income remains a key concern for growth in early 2024.

Do you agree with the predictions of ING’s Chief International Economist? Let us know in the comments section below.

Source: Bitcoin.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Do not invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025
Add A Comment

Comments are closed.

Recent Posts

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025
Most Popular

U.S. House passes bill to overturn controversial SEC accounting bulletin

May 8, 2024

Bitcoin rushes to exchanges, but this signal is still positive for the uptrend.

December 12, 2023

Learn How to Grow $200 to $200,000 with Bitgert Coin

May 22, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.