Nomura Securities: The Fed may need to cut rates more sharply and take three actions

Odaily Odaily News: Andrzej Szczepaniak, an economist at Nomura Securities, said: "Since the Fed decided to wait, it may need to cut interest rates more sharply, but the macroeconomic outlook for the United States is still quite resilient. Now everything depends on the labor market." Andrzej Szczepaniak predicts that the European Central Bank will cut interest rates again this month and once more before the end of the year. He said that the Fed may also take three actions this year, and the market may be too optimistic that the Fed will do more than the European Central Bank. (Jinshi)