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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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ANZ Bank: The Fed's current easing cycle will cut interest rates by 200 basis points
On September 13th, Jin10 Data News - Brian Martin, G3 Chief Economist at ANZ Bank, said that he expects the Federal Reserve to cut interest rates by 200 basis points in the upcoming easing cycle, as widely expected by the market in the next week's policy meeting. He stated that the potential financial and economic conditions in the United States do not necessarily mean that the easing cycle will start in a more forceful manner. However, he added that if there is a substantial deterioration in the labor market, it would be reasonable to accelerate the pace of easing. ANZ Bank expects the 2024 and 2025 forecasts in the FOMC dot plot to be lowered as committee members anticipate the need for rate cuts during this period.