Vanguard: The European Central Bank will cut interest rates in June, and the Federal Reserve may completely abandon rate cuts this year

According to BlockBeats, on April 26, asset management company Vanguard said in a report that it expects the European Central Bank to start cutting interest rates in June, which is different from expectations for the Federal Reserve, which is expected to remain on hold for the rest of the year. Although the ECB's policies usually lag behind those of the Federal Reserve, "this time is different." The agency said: "Domestic conditions in the eurozone are different enough to prove that there are differences in monetary policy." Refinitiv data shows that the money market expects the Federal Reserve to cut interest rates by 35 basis points in 2024 and the European Central Bank to cut interest rates by 62 basis points. (Jinshi)