Analysts are warning there could be zero rate cuts in 2024 – and stocks could suffer if the Fed doesn’t move
- Some analysts are eyeing zero rate cuts from the Fed this year.
- RBC’s Lori Calvasina forecasts that a no-rate-cut scenario would pull the S&P 500 down 8.5%.
- Others argue there’s no need for cuts right now, with the economy strong and inflation above target.
After the latest jobs report all but dismissed an interest rate cut in July, some analysts are taking it a step further, and expect no rate cuts at all this calendar year.