Odaily Planet Daily News According to the Royal Bank of Canada, it continues to expect the United States to achieve normalization rather than recession, and the Fed will cut interest rates by 25 basis points in September. The summary of the Fed's economic projections (SEP) is expected to show that the median rate cut for this year is 75 basis points, higher than the expected 25 basis points in July, consistent with the bank's forecast. In addition, the bank believes that Fed Chairman Powell's remarks may remain cautious—hinting at future rate cuts without committing to a predetermined path, in order to have greater flexibility in future decisions. (FX678)
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Bank of Canada: Diperkirakan Federal Reserve akan Memangkas Suku Bunga sebesar 25bp, Jerome Powell Tetap Menjaga Sikap Hati-hati
Odaily Planet Daily News According to the Royal Bank of Canada, it continues to expect the United States to achieve normalization rather than recession, and the Fed will cut interest rates by 25 basis points in September. The summary of the Fed's economic projections (SEP) is expected to show that the median rate cut for this year is 75 basis points, higher than the expected 25 basis points in July, consistent with the bank's forecast. In addition, the bank believes that Fed Chairman Powell's remarks may remain cautious—hinting at future rate cuts without committing to a predetermined path, in order to have greater flexibility in future decisions. (FX678)