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PGIM chief economist expects Fed to start cutting rates in September

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The Fed is likely to start cutting interest rates in September and cut rates again in December to respond to a weak labor market. It is expected that the Fed will have cut interest rates by about 150 basis points by the end of 2025. This will have a significant impact on investors because interest rate cuts usually lead to higher bond prices and lower stock prices. Investors should pay close attention to the Fed's decisions and adjust their investment strategies accordingly.

According to BlockBeats, on July 31, PGIM chief U.S. economist Bocelli said that due to the slowdown in cyclical hiring in the past few months, the United States' attention has shifted from inflation to labor market easing, which has enabled the Federal Reserve to start cutting interest rates in September.
The Fed is expected to announce a September rate cut at tonight’s meeting. Another rate cut is likely at the December meeting, and a November rate cut is also a possibility.
It is expected that by the end of 2025, the Federal Reserve will have cut interest rates by a cumulative 150 basis points.

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PGIM chief economist expects Fed to start cutting rates in September

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