US Fed Will Resume Easing Monetary Policy Rate by June: Jefferies

The US Federal Reserve is likely to ease monetary policy rates by June, Jefferies said in its latest 'Greed and Fear' report, with a rider that though the rate cut could be earlier if the data and market action are bad enough.

- TDG NETWORK

"Money markets are currently expecting 64 basis points of rate cuts this year," Jefferies said in its report this week.

In the latest monetary policy meeting this week, the US central bank kept unchanged the key interest rate at 4.25-4.50 percent, on expected lines.

US Fed noted that it will carefully assess incoming data, the evolving outlook, and the balance of risks before adjusting the interest rate.