Sumitomo Mitsui Bank: Considering past revisions, the Fed may cut interest rates by 50 basis points
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Odaily Odaily News Hirofumi Suzuki, chief foreign exchange strategist at Sumitomo Mitsui Banking Corporation in Tokyo, said that the slightly weaker-than-expected US employment report will not prompt the Federal Reserve to cut interest rates by 50 basis points at the September meeting. However, combined with previous revisions, this result means that the Federal Reserve may cut interest rates by 50 basis points, depending on indicators after next month. (Jinshi)
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