Industrial Securities: The market expects the Fed to cut interest rates by 100-125bp in three meetings this year
Odaily2024/08/03 12:07
By:Odaily
Odaily News Industrial Securities released a review of the U.S. July non-farm payrolls. The team believes that the conditions for interest rate cuts are met, and the fermentation of downward risks in the job
market has further heated up market expectations for interest rate cuts. The market has upgraded from trading economic cooling to trading recession, but the observation of the possibility of recession has not ended, so be wary of overdraft trading. After the data was released, stocks fell and bonds rose. The expected probability of a single 50 basis point interest rate cut in September was over 70%. The market expected that the total interest rate cut in the three meetings this year would be between 100-125bp, and major asset classes showed recession trading characteristics. However, the observation of the possibility of recession has not ended, and the current amount of data is not enough to judge whether the economy will actually fall into recession. The July CPI, August non-farm payrolls, and August CPI before the September meeting will further confirm whether the risk of recession will escalate and whether the preventive interest rate cut will be successful, thereby judging whether there will be a big step interest rate cut in the future. (Jinshi)
0
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
Base sees record 106 TPS as total value locked crosses $10B
Cointelegraph•2024/11/26 14:22
Crosschain swaps without bridges: Here’s how it works
Cointelegraph•2024/11/26 14:22
Farcaster founder teases Frames v2 ahead of full launch in 2025
Cointelegraph•2024/11/26 14:11
Swan Bitcoin sues its lawyers for picking up Tether as client
Cointelegraph•2024/11/26 14:11
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$92,381.27
-5.01%
Ethereum
ETH
$3,326.18
-4.72%
Tether USDt
USDT
$0.9995
-0.11%
Solana
SOL
$229.06
-7.25%
BNB
BNB
$613.32
-6.44%
XRP
XRP
$1.35
-6.05%
Dogecoin
DOGE
$0.3767
-9.82%
USDC
USDC
$0.9998
+0.00%
Cardano
ADA
$0.9107
-10.19%
Avalanche
AVAX
$41.52
-5.82%
Bitget pre-market
Buy or sell coins before they are listed, including ZRC, XION, OGC, MEMEFI, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now