B. Riley Wealth Chief Market Strategist: No sign of Fed rate cut for now
Art Hogan, chief market strategist at B. Riley Wealth, said there's no sign of an immediate rate cut from the Fed, which doesn't want to show its hand just yet. They still need to collect data for a few more months. The good news is that we can forget about any further tightening. The next question we are focusing on is when to cut rates, no longer if.
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MoreBarclays: The European Central Bank is expected to raise interest rates by 25bp each in June and September this year.
Nomura has released a report predicting that the Federal Reserve will cut interest rates twice this year, while the European Central Bank, Bank of England, Reserve Bank of India, and Bank of Korea will keep rates unchanged. The Reserve Bank of Australia will raise rates once, and the Bank of Japan will hike rates twice, but not imminently.
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