Deutsche Bank currency analyst Antje Praefcke said in a report that the US July inflation rate unexpectedly fell back to 2.9% year on year, laying the foundation for the Fed's interest rate cuts in September, but it is unlikely to cut rates by 50 basis points. She said the Fed will not be in crisis mode simply because inflation is moving toward the 2% target. To achieve a drastic rate cut similar to the panic, the August nonfarm payrolls report released on September 6 needs to be much weaker than expected and show a decline in the employment rate.
德商银行：除非非农特别糟糕，否则美联储9月降息50个基点的可能性不大
Deutsche Bank: Unless the non-farm employment report is particularly bad, it is unlikely that the Federal Reserve will cut interest rates by 50 basis points in September.
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