Odaily Planet Daily News According to Charu Chanana, global market strategist and forex strategy director at Saxo Markets, the overall message conveyed by global data is very clear, indicating an impending economic slowdown. Chanana said, “My inclination is for a 25 basis point rate cut, as I said, there is no reason to panic. If the Fed were to cut rates by 50 basis points immediately, it could cause some panic.” She added, “I think they will use very dovish language and leave room to cut rates by 50 basis points in November or December if necessary. A 25 basis point rate cut combined with very dovish remarks will offset the impact of not cutting rates by 50 basis points now.” (Jinshi)
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Saxo Markets: Si la Fed baisse immédiatement les taux de 50 point de base, cela pourrait causer un certain panique
Odaily Planet Daily News According to Charu Chanana, global market strategist and forex strategy director at Saxo Markets, the overall message conveyed by global data is very clear, indicating an impending economic slowdown. Chanana said, “My inclination is for a 25 basis point rate cut, as I said, there is no reason to panic. If the Fed were to cut rates by 50 basis points immediately, it could cause some panic.” She added, “I think they will use very dovish language and leave room to cut rates by 50 basis points in November or December if necessary. A 25 basis point rate cut combined with very dovish remarks will offset the impact of not cutting rates by 50 basis points now.” (Jinshi)