Odaily Planet Daily News According to the Royal Bank of Canada, the United States is expected to achieve normalization rather than recession, 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, which is in line with the bank's forecast. In addition, the bank believes that Fed Chairman Powell's comments may remain cautious, implying future rate cuts without committing to a predetermined path for greater flexibility in future decisions. (Jinshi)
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Ngân hàng Nhà nước: Fed dự kiến giảm lãi suất 25bp, Powell duy trì thái độ thận trọng
Odaily Planet Daily News According to the Royal Bank of Canada, the United States is expected to achieve normalization rather than recession, 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, which is in line with the bank's forecast. In addition, the bank believes that Fed Chairman Powell's comments may remain cautious, implying future rate cuts without committing to a predetermined path for greater flexibility in future decisions. (Jinshi)