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Opinion: Federal Reserve Intends to Cut Interest Rates, But Requires Slowdown in Jobs Data to Give Green Light
Summary: According to Jinshi's report, the market almost unanimously believes that the Federal Reserve will keep the benchmark interest rate unchanged at 4.25% to 4.5% today, but there is disagreement on the policy path thereafter. Mohit Kumar, Chief Economist at Jefferies, stated: 'In our view, the Federal Reserve intends to cut rates from current levels, but ...
According to Jinshi's report, the market almost unanimously believes that the Federal Reserve will keep the benchmark interest rate unchanged at 4.25% to 4.5% today, but there is disagreement on the policy path thereafter. Mohit Kumar, Chief Economist at Jefferies, stated: 'In our view, the Federal Reserve intends to cut rates from current levels, but still needs to see signs of a slowdown in jobs data to give the green light. Once employment data shows weakness, they will initiate rate cuts.'
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Link: Opinion: Federal Reserve Intends to Cut Interest Rates, But Requires Slowdown in Jobs Data to Give Green Light [Copy]
