Fed likely to cut again in January as labor market to soften: Standard Chartered

Investing.com -- The Federal Reserve will deliver a hawkish rate cut on Wednesday, but not as hawkish as the market expects, Standard Chartered said in a recent note, expecting the Fed to follow up with another rate cut in January amid ongoing softness in the labor market.

The December labor market data will likely point to ongoing softness that would justify another cut in January. But the Fed is likely to wait until at least March to make a major tweak to monetary policy, Standard Chartered said. The bank expects the Fed's summary SEP to project an end-2025 federal funds rate at 3.625%, with a potential drop to 3.125%.

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