SEI Chief Investment Officer: The Federal Reserve is unlikely to cut interest rates three times this year
ChainCatcher news, SEI Chief Investment Officer Jim Smigiel stated that the expectation of three rate cuts by the Federal Reserve this year seems overly optimistic. In a report, he said, "We do not expect to see this happen." He mentioned that a 25 basis point cut in September seems possible, while further cuts in December "are still on the table."
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