ChainCatcher news: As the Federal Reserve is widely expected to cut interest rates at next week's policy meeting, Brian Martin, head of G3 economics at ANZ Bank, said he expects the Fed to cut interest rates by 200 basis points in the upcoming easing cycle. He said that the underlying financial and economic conditions in the United States do not mean that the easing cycle will start in a more forceful way.
However, he added that if labor market conditions deteriorate materially, then a faster pace of easing would be justified. ANZ expects the FOMC dot plot forecasts for 2024 and 2025 to move downward as members expect more rate cuts will be needed during this period. (Jinshi)
