Odaily Planet News According to the Royal Bank of Canada, the United States is expected to normalize rather than decline, and the Federal Reserve will cut interest rates by 25 basis points in September. The Fed's Summary of Economic Projections (SEP) is expected to show a median rate cut of 75 basis points this year, higher than the expected 25 basis points in July and in line with the bank's forecast. In addition, the bank believes that Fed Chairman Powell's remarks may remain cautious, implying future rate cuts without committing to a predetermined path, in order to have greater flexibility in future decisions. (Jinshi)
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La Banque royale du Canada : la Fed devrait réduire les taux de 25 points de base, Powell adopte une attitude prudente
Odaily Planet News According to the Royal Bank of Canada, the United States is expected to normalize rather than decline, and the Federal Reserve will cut interest rates by 25 basis points in September. The Fed's Summary of Economic Projections (SEP) is expected to show a median rate cut of 75 basis points this year, higher than the expected 25 basis points in July and in line with the bank's forecast. In addition, the bank believes that Fed Chairman Powell's remarks may remain cautious, implying future rate cuts without committing to a predetermined path, in order to have greater flexibility in future decisions. (Jinshi)