0629 GMT - The Federal Reserve might cut interest rates more than it currently foresees, primarily due to a potential weakening of the labor market, Swisscanto/ZKB's Roger Ruegg says in a note. The Fed, which left policy rates on hold as expected on Wednesday, anticipates one rate cut this year and one in 2027. "We have a slightly different outlook and expect additional rate cuts in both September and December, primarily due to the weakening labor market," the head of multiasset solutions says. Money markets price in less than a full rate cut for the year, according to LSEG data. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

March 19, 2026 02:29 ET (06:29 GMT)

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