Bank of America’s global fund manager survey – most expect first Fed rate cut in September

Via the Bank of America’s global fund manager survey for July

Most investors anticipate that the Federal Reserve will start cutting interest rates in September56% of responding investors expect a first Fed rate cut at the September 17/18 meeting87% anticipate a first cut in H2

I popped up this from FedWatch (CME) yesterday, the probability has risen further now, to 95.5%:

This article was written by Eamonn Sheridan at www.forexlive.com.