State Street Global Advisors: The Fed may cut interest rates by 50 basis points in June

BlockBeats news, on April 9, State Street Global Advisors deviated from the recent market's increasingly hawkish consensus and bet that the Federal Reserve will cut interest rates by 50 basis points as early as June.

The institution, which manages $3.6 trillion in assets, believes that the Federal Reserve will cut interest rates before the US presidential election in November. By the end of this year, the company expects the Federal Reserve to have cut interest rates by 150 basis points in total, which is 2.5 times the current market pricing.

A series of strong US economic data, including the US non-farm report that exceeded expectations last Friday, and comments from hawkish officials that the Federal Reserve may not need to cut interest rates at all, have driven the market to re-price expectations of easing and pushed US Treasury yields to a four-month high.

However, State Street Global Advisors still insists that the US economy is not as strong as it seems, and indicators such as credit card default rates and small business credit costs indicate that the economy may decline later this year. #大盘走势 #新币挖矿 #非农数据 #Meme #SHIB $BTC $ETH $BNB