(ABM FN-Dow Jones) The US Federal Reserve and the European Central Bank will cut interest rates as early as March next year. This is what Ralph Wessels, Head of Investment Strategy at ABN AMRO, expects.
Click here for: Fed and ECB to cut interest rates in March
The financial markets have been under pressure since the beginning of August and interest rates are at their highest level in years.
“The speed of the interest rate increase, together with the strong dollar, is particularly painful,” said Wessels.
Geopolitical risks are always difficult to estimate, but Wessels is not counting on a complete escalation in the Middle East.
“We think that the current interest rate picture will change quickly. Partly because the global economy will weaken further.”
Yet ABN AMRO does not expect an American recession, but a rapid cooling down.
Bron: ABM Financial News
ABM Financial News is a supplier of stock market news, video and data, both for real-time trading platforms and dealing rooms and for online and offline media publications. The information in this article is not intended as professional investment advice or as a recommendation to make certain investments.
2023-10-30 16:55:39
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