Monex: The Fed is expected to cut interest rates by 25 basis points in September, November and December, slightly lower than the market's current expectations

Odaily Odaily News Monex Europe said that if the US retail sales data prompted the market to reduce the Federal Reserve's expectations of overly aggressive interest rate cuts, the dollar could rise. Monex analysts said in a report that data released later may show a modest increase in consumer activity in July, reinforcing the message that the US economy is still expanding. "If we are right, the market should continue to be consistent with our view of the Fed's loose policy, and we expect this dynamic to be favorable to the (dollar)." Monex expects the Fed to cut interest rates by 25 basis points in September, November and December, slightly lower than the market's current expectations. (Jinshi)