a global fund manager survey by Bank of America in February showed that most respondents expect the Fed to cut interest rates this year.

The survey showed that about 77% of fund managers surveyed expect the Fed to cut rates in 2025. 46% of investors expect two rate cuts, 27% expect one rate cut, and 4% expect three rate cuts. The survey also showed that 19% of respondents expect no change in interest rates. Only 1% of investors expect the Fed to raise rates in 2025.