Odaily星球日报讯 摩根大通资产管理公司首席全球策略师 David Kelly 表示，美联储本周的利率决定可能无法解决市场面临的一个核心问题，即今年剩余时间预计会降息多少次。当美联储官员上次公布他们的预测时，他们预计在 2024 年只会降息 25 个基点。但即使美联储的新预测调整为今年降息两次，仍将远远低于交易员的预期。 Kelly 指出，期货市场的价格基本反映出，到 12 月底，美联储将降息整整 100 个基点或更多。实际的政策路径将取决于 11 月和 12 月下次会议前公布的就业和通胀数据。（金十）

Odaily星球日报讯 摩根大通资产管理公司首席全球策略师 David Kelly 表示，美联储本周的利率决定可能无法解决市场面临的一个核心问题，即今年剩余时间预计会降息多少次。当美联储官员上次公布他们的预测时，他们预计在 2024 年只会降息 25 个基点。但即使美联储的新预测调整为今年降息两次，仍将远远低于交易员的预期。Kelly 指出，期货市场的价格基本反映出，到 12 月底，美联储将降息整整 100 个基点或更多。实际的政策路径将取决于 11 月和 12 月下次会议前公布的就业和通胀数据。（金十）

摩根大通：本周会议后，美联储未来降息的不确定性仍将挥之不去

According to Odaily, David Kelly, Chief Global Strategist at JPMorgan Asset Management, stated that the Federal Reserve's interest rate decision this week may not be able to solve a core problem facing the market, which is how many rate cuts are expected for the rest of the year. When Federal Reserve officials last released their forecasts, they predicted only a 25-basis-point rate cut by 2024. But even if the Federal Reserve's new forecast is adjusted to two rate cuts this year, it will still be far below traders' expectations. Kelly pointed out that the futures market's pricing essentially reflects that by the end of December, the Federal Reserve will cut rates by a full 100 basis points or more. The actual policy path will depend on the employment and inflation data released before the next meetings in November and December.

Odaily Odaily News: David Kelly, chief global strategist at JPMorgan Asset Management, said the Federal Reserve&#39;s interest rate decision this week may not resolve a core issue facing the market, which is how many rate cuts are expected for the rest of the year. When Fed officials last released their forecasts, they expected only a 25 basis point rate cut in 2024. But even if the Fed&#39;s new forecast is adjusted to two rate cuts this year, it will still be far below traders&#39; expectations. Kelly pointed out that prices in the futures market basically reflect that the Fed will cut interest rates by a full 100 basis points or more by the end of December. The actual policy path will depend on employment and inflation data released before the next meeting in November and December. (Jinshi)

JPMorgan: Uncertainty about future Fed rate cuts will linger after this week's meeting

Odaily reports that Bitwise's Head of European Research, André Dragosch, stated: "If the Federal Reserve cuts rates by 50 basis points, the crypto market's reaction is likely to be positive, as this specific leading indicator has already shown that the potential economic momentum in September may even have accelerated. I believe that over the next few months, the market will be driven more by the expectation of rate cuts rather than the rate cuts themselves. Given the weakness of the US economy and the impending recession, the expectation of further rate cuts may intensify, and we expect this to have a net positive impact on Bitcoin and crypto assets." (Theblock)

Bitwise analyst: Expectations of further rate cuts by the Federal Reserve intensify, which is a net positive for crypto assets

Odaily Planet Daily Report: In a report, Moody's Analytics stated that the Bank of Japan is expected to remain unchanged in its monetary policy meeting on September 19 and 20. Although the Bank of Japan is tightening its policy faster than expected and hinting at the possibility of further rate hikes, Moody's expects the next rate hike to be in October.

The report stated that the Japanese economy is struggling to shake off the gloom due to weak consumer spending and exports. "Inflation will rise sharply in the short term as the government reduces its assistance for household energy bills before introducing new support measures," Moody's said, forecasting that the core inflation rate will accelerate from 2.7% in July to 2.9% in August.

Moody's: Bank of Japan expected to remain on hold this week

The Odaily Planet Daily Report states that the New Zealand economy remains weak, but the second-quarter GDP data to be released this week will show that the New Zealand economy is not as bad as the Reserve Bank of New Zealand (RBNZ) recently thought when it cut interest rates. Morgan Stanley economist Ben Jarman said the New Zealand economy is expected to contract by around 0.1% quarter-on-quarter, rather than the 0.5% contraction the RBNZ had anticipated. He added that Morgan Stanley's forecast suggests the economic growth outcome is not as bad, and if the data matches the forecast, it will reduce the likelihood of the RBNZ cutting rates by 50 basis points at its next meeting.