Bank of America survey: most investors expect Fed to cut rates in 2025

On 18 February, Bank of America's February global fund manager survey showed that most respondents expect the Federal Reserve to cut interest rates this year. The survey showed that about 77 per cent of the surveyed fund managers expect the Fed to cut interest rates in 2025. 46 per cent of investors expect to cut interest rates twice, 27 per cent expect to cut interest rates once, and 4 per cent expect to cut interest rates three times. According to the survey, 19 per cent of respondents expect no change in interest rates. Only 1% of investors expect the Fed to raise rates in 2025.