Wells Fargo: Expect the Fed to open the door to rate cuts this month
, Mars Finance News Despite the growing political turmoil in the United States, investors are still holding on to their view that U.S. interest rates will fall this year. Data from CME Group shows that the probability of the Federal Reserve standing still next week and cutting interest rates on September 18 is above 90%, and the probability of a total of three rate cuts this year is close to 50%. This is almost unchanged from before Biden withdrew from the campaign. Wells Fargo economists said in a report that they expect the Federal Reserve to keep policy unchanged this month, opening the door to rate cuts. They added that the Fed's past record shows that it will not shy away from cutting interest rates at its last meeting before the election. (Jinshi)
