pgim

According to Jinshi, the American asset management company PGIM expects the Federal Reserve to raise interest rates three times this year to curb economic overheating, and then reverse the rate hikes in 2027. PGIM pointed out that the U.S. economy is "exceptionally strong," with inflation remaining high, necessitating new strategies. The company also stated that it expects the Federal Reserve to cut rates three times in 2027, with the final rate dropping to 3.375%, below the current level.

ChainCatcher news, according to Jinshi reports, PGIM Chief Global Economist Daleep Singh stated in a report that Federal Reserve Chairman Powell may hint at a more gradual rate-cutting strategy at the Jackson Hole meeting. Last week, U.S. CPI and PPI data showed that U.S. inflation remains stubborn, staying above 3%. PGIM expects the Federal Reserve to cut rates by a cumulative 100 basis points by next year, which is about 50 basis points lower than current market expectations.

ChainCatcher news, according to Jinshi reports, PGIM Chief U.S. Economist Bocelli stated that due to the slowdown in cyclical hiring over the past few months, U.S. attention has shifted from inflation to the easing of the labor market, allowing the Federal Reserve to begin cutting interest rates in September. The Federal Reserve is expected to announce a rate cut for September at tonight's meeting. A further rate cut may occur at the December meeting, and the possibility of a rate cut in November should not be overlooked. It is expected that by the end of 2025, the Federal Reserve will have cumulatively cut rates by about 150 basis points.