ANZ: The Federal Reserve may cut interest rates by another 150 basis points during this cycle

ChainCatcher news, ANZ economists wrote in a report that after the Federal Reserve cut rates by 50 basis points overnight, it may lower rates by another 150 basis points in this cycle. They pointed out that the Fed's top priority is to ensure that economic activity and the labor market remain stable while inflation continues to ease sustainably. Powell hinted that if some employment and inflation data are released at the July meeting, the easing cycle would have already begun by then.
Analysts stated that the overnight rate cut of 50 basis points was to ensure that the Fed does not fall behind the curve. ANZ expects the Fed to cut rates by 25 basis points in several consecutive meetings, totaling a 200 basis point cut in this cycle. (Jin Shi)