Economists: Employment data supports the Fed's rate cut in September, and three rate cuts may be needed this year

ChainCatcher news, according to Jinshi reports, CIBC Capital Markets economist Katherine Judge stated that it makes sense to expect three rate cuts by the end of this year. This report is clearly in line with expectations for a rate cut by the Federal Reserve in September and increases the likelihood that the economy will need three rate cuts this year, rather than the two we currently expect. However, more important indicators, including inflation data, still remain before the Federal Reserve makes a rate cut decision.