Expectations of a Fed rate cut continue to rise, and many banks have lowered interest rates on their US dollar deposit products
The market's expectation of a rate cut by the Federal Reserve in September has increased, and high-yield US dollar deposits continue to receive attention. It is reported that although the Federal Reserve has not officially lowered interest rates, some banks have already lowered the interest rates of US dollar deposits. At the same time, the performance of some US dollar wealth management products has also declined compared to before. Industry insiders suggest that the possibility of a rate cut by the Federal Reserve is increasing, which means that the interest rates of US dollar deposits will enter a downward trend in the future. When investors buy related products, they need to pay attention to the impact of interest rate and exchange rate fluctuations on actual returns.
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