Lates News

Swisscanto/ZKB's head of multi-asset solutions, Roger Lueger, stated in a report that the Fed's rate cuts this year may exceed current expectations mainly due to a possible weakening in the labor market. The Fed kept policy rates unchanged this week as expected, with one rate cut expected this year and another in 2027. "Our outlook differs slightly as we predict rate cuts in September and December, primarily due to a soft labor market." According to LSEG data, the money market currently expects less than one rate cut this year.