Investment bank ING switched from initially supporting a 50 basis point rate cut by the Federal Reserve to supporting a 25 basis point cut.

robot
Abstract generation in progress

PANews 15th September news, according to the report from Cailian, this Friday, the market's expectation of a 50 basis point rate cut by the Fed suddenly heated up. Yesterday, this expectation reached 50%, while on Thursday it was only about 28%. This change has driven a pump in the US stock market, a general decline in US bond yields, a fall in the US dollar, and a continuous surge in the price of gold. Against the backdrop of intensified market expectations for a rate cut, ING released a report that attracted attention. The bank shifted from initially supporting a 50 basis point rate cut to supporting 25 basis points, predicting that there will be a slight majority in favor of a 25 basis point rate cut at next week's FOMC meeting, and stating that it is unlikely for the Fed to break the trend of dollar depreciation.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
GateUser-a82ce137vip
· 2024-09-15 09:51
Buy the Dip 🤑
Reply0