Key Words: Fed typically ‘cuts swiftly and does not disappoint market expectations,’ says BAML

In a report dated June 6, Mark Cabana, rates strategist, Joseph Song, U.S. economist, and currency strategist Adarsh Sinha at BAML, say that history offers a clear guide on how interest rate cuts tend to play out in the coming six-month period once the market starts to price in a rate reduction.