FED Interest Rate Forecast from Bank of America CEO! “How Many Interest Rate Cuts Will There Be in 2024?”

While there are about two weeks left for the FED to announce its January interest rate decision, interest rate cut expectations are increasing.

When will the FED cut interest rates? Bitcoin And cryptocurrencyWhile it is closely followed by the markets, the latest evaluation Bank of America CEO Brian MoynihanIt came from.

Speaking to CNBC’s Squawk Box program, BoF CEO seems more relaxed than many on Wall Street who are looking forward to the FED cutting interest rates.

While Brian Moynihan is comfortable with whether or when the Fed will cut interest rates, Jerome Powell’s leadership He said he thinks the FED will cut interest rates four times in 2024.

“The FED should normalize now and then get out of the way. Because the truth is that everything is being prepared for the FED to normalize the interest rate environment. Incoming economic data shows this.

At this point, I think there will be four interest rate cuts for 2024 and four for 2025.

But we must remember that the Fed’s long-term work is not just to get inflation under control, but also to get interest rates back to normal levels for consumers. “

“The Fed’s got to get normalized and then get out of the way,” says @BankofAmerica CEO Brian Moynihan. “We have four rate cuts for this year, four in 2025. We’ve got to get the rate structure in a way that has more flexibility up and down.” pic.twitter.com/n8FVRw2Yx5

— Squawk Box (@SquawkCNBC) January 16, 2024

*This is not investment advice.