Odaily星球日报讯 CIBC 资本市场经济学家凯瑟琳·贾奇表示，预计到今年年底将有三次降息是有道理的。这份报告显然与美联储 9 月份降息的预期一致，并增加了今年经济将需要三次降息的可能性，而不是我们目前预期的两次降息，但在美联储做出降息决定之前，包括通胀数据在内的更重要指标仍然存在。（金十）

CIBC：就业数据支持美联储9月降息，今年可能需要三次降息

Odaily Odaily News CIBC Capital Markets economist Catherine Judge said it makes sense to expect three rate cuts by the end of the year. This report is clearly consistent with the Fed&#39;s expectations of a rate cut in September and increases the likelihood that the economy will need three rate cuts this year, rather than the two we currently expect, but more important indicators, including inflation data, remain before the Fed makes a decision to cut rates. (Jinshi)

CIBC: Employment data supports the Federal Reserve's rate cut in September, and three rate cuts may be needed this year.

According to a report by Stephen Brown, North American Deputy Chief Economist at Capital Economics, the Federal Reserve may change its wording this week to reflect the increasing likelihood of a rate cut at the next meeting, but doubts that it will give a clearer signal of a rate cut until the Jackson Hole symposium in August. Powell will have another opportunity to discuss interest rates at the meeting in Jackson Hole, Wyoming from August 22 to 24, where officials and economists from around the world will discuss policy.

Capital Economics: The Federal Reserve may change its wording this week, but it may give a clearer signal of its interest rate cut measures in August.

The US non-farm employment data was weaker than expected, which is enough to prompt a larger rate cut. The market currently expects a 20% probability of a 50 basis point rate cut by the European Central Bank at the September meeting, and a 70% probability of a 25 basis point rate cut in October. The current swap contracts show that the market expects the Federal Reserve to cut rates multiple times by 50 basis points, with a 75% probability of a 50 basis point rate cut in September, a 60% probability of a 50 basis point rate cut in November, and a 15-20% probability of a 50 basis point rate cut in December. (Gold Ten)

The non-farm data strengthens the expectation of a one-time 50 basis point rate cut by the Federal Reserve and the European Central Bank.

According to market information, the US Federal Reserve's interest rate swap market has fully priced in 3 rate cuts by the end of the year. (Gold Ten)