Institution: The European Central Bank will cut interest rates in June, and the Federal Reserve may completely abandon interest rate cuts within the year
Golden Finance reported that Vanguard said in a report that it expects the European Central Bank to start cutting interest rates in June, which is different from expectations for the Federal Reserve, which is expected to remain on hold for the rest of the year. Although the ECB's policy usually lags behind the Fed's policy, "this time is different." The agency said: "Domestic conditions in the euro area are different enough to justify the divergence of monetary policy." Refinitiv data showed that the money market expects the Federal Reserve to cut interest rates by 35 basis points and the European Central Bank to cut interest rates by 62 basis points in 2024.
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