Economist: Employment data supports the Fed's September rate cut, and three rate cuts may be needed this year

PANews reported on August 2 that according to Jinshi, CIBC Capital Markets economist Catherine Judge said that it makes sense to expect three rate cuts by the end of this year. This report is obviously consistent with the Fed's expectations of a rate cut in September, and increases the possibility that the economy will need three rate cuts this year, rather than the two we currently expect, but before the Fed makes a decision to cut interest rates, more important indicators, including inflation data, remain.