Commerzbank: The possibility of a rate cut by the Federal Reserve in September increases

According to Jinshi Data, Commerzbank said that the possibility of the Federal Reserve cutting interest rates as early as September is increasing. The market currently expects a 25 basis point cut by then and a 62 basis point cut by the end of the year.

Powell may further pave the way for rate cuts in an interview tonight at the Economic Club of Washington, D.C. He is unlikely to refer to the upcoming July meeting as a "live meeting," with the market pricing in only 2 basis points of policy easing.