Derivative traders have raised the probability of the Fed cutting interest rates in September from around 70% before the data release to over 80%. As far as 2024 is concerned, the implied rate cut is 57 basis points, which means there will be at least two 25 basis points cuts; previously around 49 basis points. "The prerequisites for starting rate cuts in September and issuing a series of subsequent easing signals are now in place," said Ed Al-Hussainy, interest rate strategist at Columbia Threadneedle Investment.
美联储降息预期升温 分析师称9月开始行动的条件现已具备
Expectations for a Fed interest rate cut are rising. Analysts say the conditions for action in September are now in place.
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