BlockBeats news, September 13, when it is widely expected that the Federal Reserve will cut interest rates at the policy meeting next week, Brian Martin, head of G3 economics at ANZ Bank, said that he expects the Federal Reserve to cut interest rates by 200 basis points in the upcoming easing cycle. He said that the underlying financial and economic conditions in the United States do not mean that the easing cycle will start in a more forceful way.
However, he added that if labor market conditions deteriorate materially, then a faster pace of easing would be justified. ANZ Bank expects the FOMC dot plot forecasts for 2024 and 2025 to move downward as members expect more rate cuts will be needed during this period. (Jinshi)
