The Fed will be in position to start moving monetary policy to a more neutral footing before the summer – ING

Economists at ING expect the Federal Reserve to start cutting rates in June.

125 bps of cuts this year, starting in June

Given the Fed doesn’t want to cause a recession if it can avoid it, we believe they will be in a position to start moving monetary policy from restrictive territory to a more neutral footing before the summer. 

We expect 125 bps of cuts this year, starting in June, with a further 100 bps in 2025 as they seek a soft landing for the economy.