Analyst: The Federal Reserve's rate cut in September is a foregone conclusion, and there may be another rate cut before the end of the year

ChainCatcher news, according to Jinshi reports, a survey of 107 analysts by Reuters almost unanimously believes that the Federal Reserve will cut interest rates by 25 basis points on September 17, as the weak job market outweighs inflation risk. Most analysts expect further rate cuts in the next quarter.

The stagnation of job growth in August, coupled with significant downward revisions to employment data over the past 12 months, has led economists to lower their expectations, believing that the Federal Reserve may implement more rate cuts. The market has fully priced in the rate cut in September, expecting three rate cuts this year.

Michael Gapen, Chief U.S. Economist at Morgan Stanley, stated that the likelihood of a 25 basis point rate cut in September is higher than a larger cut.