Investors see interest-rate cuts coming soon, recession or not

(Image: Getty)

Tue, 28 Nov 2023

By Sam GoldfarbWall Street is gearing up for interest rate cuts.Nearly two years after the Federal Reserve began a historic campaign against inflation, investors now believe there is a much greater chance that the central bank will cut rates in just four months than raise them again in the foreseeable future.Interest-rate futures indicated last week a roughly 60% chance the Fed will lower rates by a quarter-of-a-percentage point by its May 2024 policy meeting, up from 29% at the end of October, according to CME Group data. The same data ha...

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