{"id":46427,"date":"2024-03-17T20:04:51","date_gmt":"2024-03-17T20:04:51","guid":{"rendered":"https:\/\/manitimes.com\/heres-when-the-fed-may-start-cutting-rates-investment-strategists-say\/"},"modified":"2024-03-17T20:04:51","modified_gmt":"2024-03-17T20:04:51","slug":"heres-when-the-fed-may-start-cutting-rates-investment-strategists-say","status":"publish","type":"post","link":"https:\/\/manitimes.com\/heres-when-the-fed-may-start-cutting-rates-investment-strategists-say\/","title":{"rendered":"Here’s when the Fed may start cutting rates, investment strategists say"},"content":{"rendered":"
Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7 2024.\u00a0<\/p>\n
Kent Nishimura | Getty Images News | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
WEST PALM BEACH, Fla. \u2014 The U.S. Federal Reserve is likely to start cutting interest rates by the end of the second quarter despite recent “hotter than expected” inflation data, according to Kristina Hooper, chief global market strategist at Invesco.<\/p>\n
The U.S. economy is also likely to dodge recession as the Fed calibrates interest rate policy, she and other strategists said Wednesday at Financial Advisor Magazine’s annual Invest in Women conference in West Palm Beach, Florida.<\/p>\n
The Fed has raised borrowing costs for consumers and businesses to rein in high inflation during the pandemic era. That has pushed up rates for mortgages, credit cards, auto loans and other forms of lending.<\/p>\n<\/div>\n