“Given our expectations of the US growth dynamic in the first months of 2020, we do anticipate at least one more rate cut from the Fed in 1H2020,” Nakamura says in his latest investment outlook for 1Q2020.
SINGAPORE (Jan 13): Contrary to popular opinion, Lombard Odier Asia-Pacific’s Chief Investment Officer Jean-Louis Nakamura believes the US Federal Reserve will cut interest rates at least once more in 1H2020.
At the end of 2019, the Fed had communicated its commitment to its "asymmetric bias" – a readiness to cut interest rates in case of adverse economic developments compared to a patience in hiking rates in the event of any acceleration in headline inflation.
