Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Commonwealth Bank of Australia: The Federal Reserve will start cutting interest rates in May next year, cutting interest rates by a total of 150 basi

Commonwealth Bank of Australia: The Federal Reserve will start cutting interest rates in May next year, cutting interest rates by a total of 150 basi

CointimeCointime2023/11/28 07:33
By:Cointime

Commonwealth Bank of Australia predicts that the Federal Reserve will begin cutting interest rates in May of next year and will lower the benchmark interest rate by 150 basis points by the end of next year to cope with a mild recession in the United States. The bank's currency strategist, Carol Kong, said that we expect the FOMC's interest rate reduction cycle to be more aggressive than the market expects. Currently, the market prices in a reduction of about 90 basis points by the Federal Reserve next year. Kong said that, for now, strong US economic data may reinforce the current soft landing argument and cause the US dollar to continue to rise.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Flash Monday: Buy crypto with a credit/debit card for zero fees

Every Monday, enjoy zero fees when using your local fiat currency with a credit or debit card ( Visa, Mastercard, Google Pay Apple Pay)! Buy Crypto Promotion period: Every Monday 8:00 PM – Tuesday 8:00 PM (UTC+8) Promotion rules Sign up for a Bitget account or log in to your existing account. Navig

Bitget Announcement2024/11/25 02:47