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CITIC Securities: Expects the Federal Reserve to Cut Interest Rates Three Times Within the Year
Summary: According to sources, CITIC Securities research report stated that Powell's speech at the Jackson Hole central bank summit is in line with our previous expectations, emphasizing downward risks in the job market and continuing the view that the tariff inflation discussed in the July meeting was one-off, setting the stage for a rate cut in ...
According to sources, CITIC Securities research report stated that Powell's speech at the Jackson Hole central bank summit is in line with our previous expectations, emphasizing downward risks in the job market and continuing the view that the tariff inflation discussed in the July meeting was one-off, setting the stage for a rate cut in September. We maintain our previous view that the Federal Reserve is expected to cut interest rates three times within the year, each time by 25 basis points. Regarding the adjustment of the monetary policy framework, the Federal Reserve has abandoned the average inflation target system, returning to a flexible inflation target system, and modified its wording to emphasize the focus on risks in both directions of the job market.
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Link: CITIC Securities: Expects the Federal Reserve to Cut Interest Rates Three Times Within the Year [Copy]
