This market pro says the Fed is going to cut interest rates this year, but ‘they don’t know it yet.’ Is he right?

Federated Hermes’s Steve Chiavarone crystalized the market’s view of where the Federal Reserve is heading on interest rates in one sentence.

Jun 2, 2025 - 11:06
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This market pro says the Fed is going to cut interest rates this year, but ‘they don’t know it yet.’ Is he right?
Federated Hermes’s Steve Chiavarone crystalized the market’s view of where the Federal Reserve is heading on interest rates in one sentence.