Fed Could Cut Interest Rates Early Next Year, Analysts Say

The Federal Reserve building is seen through a fence in Washington on June 17, 2020. Olivier Douliery/AFP via Getty Images

The U.S. bond market on June 29 moved to price in an anticipated move by the Federal Reserve to cut the interest rate by a half-point in early 2023 after traders predicted that a likely recession would eventually force the central banks to slow down its aggressive tightening policies.