On September 19th, Jinshi Data reported that according to Bank of America Global Research, the Federal Reserve will cut interest rates by 75 basis points in the fourth quarter of 2024, and by 125 basis points in 2025, bringing the terminal interest rate to 2.75%-3%
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Bank of America Global Research: The Federal Reserve will cut interest rates by 75 basis points in the fourth quarter of 2024, and by 125 basis points in 2025, bringing the terminal rate to 2.75%-3%
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