Central Banks
Evercore Predicts June Interest-Rate Cut, Rising M&A Activity
A vehicle passes by the Marriner S. Eccles Federal Reserve building in Washington, DC.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
The Federal Reserve is likely to begin cutting interest rates in the early summer, according to investment bank Evercore Inc., providing a further boost to already recovering levels of mergers and acquisitions activity.
“We believe at Evercore that the Fed will start cutting rates in June,” Bill Anderson, head of the bank’s global activism and raid defense business, said at Tulane University’s annual Corporate Law Institute conference in New Orleans on Thursday.