Market Predictions Shift: Fed Rate Cut Now Seen as June Event

In a shift from earlier market predictions, three leading brokerages have now set their sights on June for the anticipated U.S. Federal Reserve rate cut. The release of the Fed’s January session minutes unveiled a palpable sense of uncertainty among officials, causing deep discussion on maintaining the current borrowing cost range of 5.25%-5.50% to achieve the central bank’s inflation target of 2%.