GF Securities Review: The time has come for the 2024 Jackson Hole meeting, and the Fed is expected to cut interest rates in September.

robot
Abstract generation in progress

On August 24th, Jin10 Data reported that Fangzheng Securities' latest research view believes that Fed Chairman Powell's speech at Jackson Hole was dovish, believing that the time for policy adjustment has come and the market is betting on further rate cuts. Powell believes that the Fed is closer to achieving its inflation target, with upward risks dissipating and greater confidence in achieving the inflation target. However, the labor market has cooled significantly, with increasing downward risks, and the Fed does not seek or welcome further cooling of the labor market. We expect that the August non-farm payrolls will accelerate the refutation of overly pessimistic economic expectations and overly optimistic rate cut expectations. The Fed is expected to cut rates by 25bps at the September FOMC meeting, with the dot plot indicating a cumulative rate cut of 50bps this year and 125-150bps next year.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)