SEI Chief Investment Officer: The Fed is unlikely to cut interest rates three times this year
By:Cointime
SEI's Chief Investment Officer Jim Smigiel said that the expectation of three interest rate cuts by the Federal Reserve this year seems too high. He stated in a report, "We don't expect to see that happen." He said that a 25 basis point rate cut in September seems possible, while further cuts in December are "still on the table."
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