ANZ: The Fed may cut interest rates by another 150 basis points this cycle

Odaily Odaily News: ANZ Research economists wrote in a report that the Federal Reserve may cut interest rates by another 150 basis points in this cycle after cutting interest rates by 50 basis points overnight. They pointed out that the Fed's top priority is to ensure that economic activity and the labor market remain stable, while inflation continues to ease sustainability. Powell hinted that if some employment and inflation data are released at the July meeting, the easing cycle will have begun by then. Analysts said the overnight rate cut of 50 basis points is to ensure that the Fed does not fall behind the curve. ANZ expects the Fed to cut interest rates by 25 basis points in several consecutive meetings, for a total of 200 basis points in this cycle. (Jinshi)