Swisscanto/ZKB Expects Fed to Cut Rates Twice This Year, Exceeding Official Guidance

GateNews

2026-03-19 06:39:33

Gate News Report, March 19 — Swisscanto/ZKB Multi-Asset Solutions Head Roger Lügger stated in a report that the Federal Reserve’s rate cuts this year could exceed current expectations, mainly due to a soft labor market. The Fed kept its policy rate unchanged this week and expects one rate cut this year and one in 2027. Lügger said, “Our outlook differs slightly; we expect rate cuts in September and December, primarily because of a weak labor market.” According to LSEG data, the money market currently expects less than one rate cut this year.

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