Société Générale and Standard Chartered predict that the Federal Reserve will cut interest rates by 50 basis points

ChainCatcher news, according to Jinshi reports, Societe Generale analysts believe that the Federal Reserve's moderately restrictive stance has been maintained for too long, leading to a situation of "over-tightening." Therefore, a more significant policy adjustment is necessary, specifically a 50 basis point rate cut. Standard Chartered is also the only institution predicting that the Federal Reserve will cut rates by 50 basis points this week. Currently, the market generally expects a 25 basis point cut, with traders estimating the probability of a 50 basis point cut at only about 4%.