Mizuho Securities: The Federal Reserve will at most cut interest rates within the range predicted by the dot plot
Steven Ricchiuto, Chief Economist of Mizuho Securities USA, stated that the Federal Reserve is unlikely to truly adopt a "hawkish rate cut" despite soft inflation data. He warned that there are risks in cutting rates too quickly. "All they can do is cut rates within the maximum range predicted in the dot plot, but market pricing may exceed this level."
On July 11th, Kinsey Data reported that Steven Ricchiuto, Chief Economist of Mizuho Securities USA, stated that the Federal Reserve is unlikely to truly adopt a "hawkish rate cut" despite soft inflation data. He warned that there are risks in cutting rates too quickly. "All they can do is cut rates within the maximum range predicted on the dot plot, but market pricing may exceed this level."