“Following the emergency 50bp cut yesterday, which we flagged the risk of on Monday, we expect the Fed to subsequently cut rates twice more by 25bp, at the March and April FOMC meetings – as a base case,” ABN AMRO’s senior economist Bill Diviney noted. Key quotes “As a risk scenario, we cannot rule out further intermeeting moves – potentially more aggressive than we have pencilled in – if financial conditions tighten in a disorderly manner and/or there are signs that economic activity is being significantly hampered by virus containment efforts.” “Our forecast is somewhat more aggressive than market pricing in terms timing, rather than magnitude – markets expect 43bp of cuts by the April FOMC, and 66bp by the December FOMC. Our base case is that activity will have stabilised and begun recovering by the end of Q2, and this should give the Fed sufficient confidence that the economy has achieved ‘escape velocity’ from the downturn.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoE’s Broadbent: What matters most is potential medium-term impact of coronavirus on inflation FX Street 3 years "Following the emergency 50bp cut yesterday, which we flagged the risk of on Monday, we expect the Fed to subsequently cut rates twice more by 25bp, at the March and April FOMC meetings – as a base case," ABN AMRO's senior economist Bill Diviney noted. Key quotes "As a risk scenario, we cannot rule out further intermeeting moves – potentially more aggressive than we have pencilled in – if financial conditions tighten in a disorderly manner and/or there are signs that economic activity is being significantly hampered by virus containment efforts." "Our forecast is somewhat more aggressive than market pricing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
