Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Societe Generale: The Federal Reserve is unlikely to cut interest rates by 50 basis points in September

Societe Generale: The Federal Reserve is unlikely to cut interest rates by 50 basis points in September

CointimeCointime2024/08/26 13:30
By:Cointime

Kit Juckes, the Chief Global Foreign Exchange Strategist at BNP Paribas, stated in a report that the current expectations of a rate cut in the US in 2024 may be overstated, and the likelihood of a larger rate cut of 50 basis points in September is still unlikely. Refinitiv data shows that the US currency market currently expects a rate cut of 103 basis points in 2024, suggesting that the Federal Reserve will cut rates by at least 50 basis points in one of the remaining three meetings this year. Juckes said, "Unless the economy slows down significantly, the front end of the interest rate curve for the next six months has already reflected too much of a rate cut." He also noted that there is significant uncertainty regarding the extent of the economic slowdown.

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: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like