According to BlockBeats, on September 16, before the Federal Reserve’s interest rate decision, the U.S. retail sales data, known as the “horror data,” will be released. UBS said they are paying close attention to retail sales and industrial production data, and the weakness of these data may affect the Federal Reserve’s decision to cut the federal funds rate by 50 basis points instead of 25 basis points.
UBS said that U.S. inflation has slowed to the point where interest rates can be cut. The agency outlined their “baseline expectations” that the Fed will cut interest rates by 100 basis points for the rest of the year and another 100 basis points in 2025. UBS added that as the pace of rate cuts accelerates, the dollar will fall further and gold will rise further. (Jinshi)
