Askume, Sep 19 – After the Federal Reserve announced a sharp cut in interest rates at its September meeting, most major brokerage firms expect the Federal Reserve to cut interest rates by a combined 50 basis points at its November and December meetings.
Federal Reserve Chairman Jerome Powell said the half-percentage point cut in interest rates was a “recommendation” of the sharp drop in inflation since last year. He said the economy remains strong but the central bank wants to prevent weakness in the job market.
Here are the forecasts from major brokerage firms after the Fed’s decision:
Here are the forecasts from major brokerage firms ahead of the Fed’s decision:
*UBS Global Research and UBS Global Wealth Management are independent divisions within the UBS Group
*Wells Fargo Investment Institute is a wholly owned subsidiary of Wells Fargo
