According to Jin10 News on July 15th, Deutsche Bank stated that the earliest possibility for the Fed to cut interest rates is rising. The market currently expects a 25 basis point rate cut at that time, and a 62 basis point rate cut by the end of the year. Powell may further pave the way for interest rate cuts tonight when he accepts an interview at the Economic Club in Washington, D.C. He is unlikely to refer to the upcoming July meeting as a "live meeting". For this meeting, the market has only digested a policy easing of 2 basis points.
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Deutsche Bank: Powell may further pave the way for rate cuts tonight
According to Jin10 News on July 15th, Deutsche Bank stated that the earliest possibility for the Fed to cut interest rates is rising. The market currently expects a 25 basis point rate cut at that time, and a 62 basis point rate cut by the end of the year. Powell may further pave the way for interest rate cuts tonight when he accepts an interview at the Economic Club in Washington, D.C. He is unlikely to refer to the upcoming July meeting as a "live meeting". For this meeting, the market has only digested a policy easing of 2 basis points.