The early morning dot plot shows that many FOMC voting committees still expect 50 basis points of interest rate cuts in the remainder of 2024.
Under current plans, interest rates may be cut by 25 basis points each in November and December.
The current market trend is basically consistent with last night's expectations, falling and stabilizing after a 50 basis point interest rate cut.
However, the market reaction continues, and it currently remains optimistic about a 50 basis point interest rate cut.
How to develop next, we need to pay attention to the situation next Monday.
Although the start of the interest rate cut cycle has brought positive sentiments, liquidity has not increased significantly and further observation is needed.
