PANews reported on September 17 that DBS Bank said that the market expects the Federal Reserve to make a series of interest rate cuts, but aggressive market pricing may be disappointed and eventually cause panic. Economist Taimur Baig wrote in a report: "Inflation rates below 3% and policy rates above 5% are often difficult to coexist, so some monetary easing policies are necessary. But the rate cuts reflected by the market seem to be too large. For the yield curve to reflect a rate cut of more than 200 basis points in the next 16 months, the US economy must weaken significantly and inflation must fall below 2%, which is unlikely to happen." DBS Bank's basic view is that the Federal Reserve will cut interest rates by 150 basis points by the end of 2025, and a 25 basis point cut this week.
