Bank of America Global Fund Manager Survey: Most fund managers expect the Fed to cut interest rates for the first time in the second half of the year
According to Jin10, a survey conducted by Bank of America Global Fund Managers showed that 82% of the fund managers surveyed expected the Federal Reserve to cut interest rates for the first time in the second half of the year. Meanwhile, 78% of fund managers said a recession is unlikely in the next 12 months.
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