Societe Generale: The Fed's rate cut is in line with expectations, and the market is focusing on inflation data

ChainCatcher reports that according to Jinshi, Societe Generale stated that the Federal Reserve's 25 basis point rate cut was in line with widespread expectations and did not disappoint. The bank predicts that if a 25 basis point rate cut is decided at the September meeting, further 25 basis point cuts are likely in October and December. Societe Generale noted that the Federal Reserve projects interest rates to reach 3.38% by the end of 2026, nearly 50 basis points higher than current market pricing. Next week, market focus will shift to personal income and expenditure data and the Personal Consumption Expenditures (PCE) price index.