TD Securities has pushed back its expectations for a Federal Reserve rate cut to June, still forecasting three rate cuts within the year

According to Jinshi News, TD Securities has postponed its prediction for the next Federal Reserve rate cut from March to June, still expecting a total rate cut of 75 basis points this year, bringing the terminal rate down to 3%. The agency anticipates that the Federal Reserve will implement a 25 basis point cut in June, September, and December. TD Securities' Chief U.S. Macro Strategist Oscar Munoz stated that the anticipated policy easing is not due to a deterioration in economic conditions, but rather a result of monetary policy moving towards "normalization" as inflation gradually returns to target levels.