BlockBeats News, September 12th: The market currently expects the Federal Reserve to cut interest rates by a modest 25 basis points at the upcoming meeting with a 92% probability, while the likelihood of an aggressive 50 basis points cut is only 8%.
XS.com’s Senior Market Analyst, Rania Gule, stated that although inflation data was not particularly surprising, a weakening labor market could provide the Federal Reserve with more room to maneuver. If negative signals persist in the coming weeks, the Fed may lean towards bolder actions. However, Gule added that the Fed’s current stance remains highly cautious, indicating a preference for minor adjustments while keeping room for further easing in subsequent meetings. (FX678)
