Forexlive Analysts Predict 70% Chance of Fed Rate Cut in September
Publication Time:2024-08-02 20:52:07
Financial website Forexlive's analysts recently published a report stating that, given the current market environment, there is a 70% likelihood of the Federal Reserve (Fed) taking a rate-cutting action in September, especially considering a 50 basis point cut. This prediction is based on an analysis of current global economic situations, market responses, and domestic economic indicators from the United States. As the market's expectation for a rate cut rises, there has been significant fluctuation in the US Dollar to Japanese Yen exchange rate, reaching a historical low of 147.39. At the same time, the yield on US 2-year Treasury notes has dropped to 3.91%, reflecting investors' strong expectations of monetary policy adjustments. According to further analysis by Forexlive, the market has priced in a total of 109 basis points of rate cuts by the end of the year, indicating the general perception of the degree of monetary easing anticipated in the future.
rate cut
Federal Reserve
Economic Forecast
Basis Points