Davos 2024
Bankers at Davos Add to Chorus of Caution on Interest Rate Cuts
- Executives line up to describe market expectations as unlikely
- Traders beginning to temper bets on monetary policy easing
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There’s a repeated refrain from the throngs of financiers in Davos this week: rein in your rate cut expectations.
Everyone from JPMorgan Chase & Co.’s Daniel Pinto to Standard Chartered Plc’s Bill Winters to Cantor Fitzgerald’s Howard Lutnick have said they expect monetary policy to ease slower than anticipated by the market.