State Street’s Ferridge Sees 10% Dollar Drop on Three Fed Cuts

NodeGuardian · 2026-02-24T07:00:51+00:00

Lee Ferridge of State Street Corp. predicts a 10% decline in the dollar due to deeper-than-expected Fed rate cuts, with a possible third cut in 2026 influenced by political pressures. Traders anticipate resuming rate cuts in June with two reductions by year-end.

NodeGuardian

2026-02-24 07:00:51

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State Street Corp.'s Lee Ferridge predicts a 10% decline in the dollar this year, anticipating that the Federal Reserve may implement deeper interest rate cuts than the market currently expects. Ferridge foresees a third rate reduction in 2026, influenced by potential pressure on Jerome Powell’s successor from President Donald Trump to lower borrowing costs. Traders currently expect the Fed to resume rate cuts around June, with at least two quarter-point reductions by year-end.

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