Standard Chartered "September big cut expected"

Uk Jin

Summary

Standard Chartered said it expects a September big cut (50bp rate cut) by the Federal Reserve.
It said the current US policy rate is at the 4.25~4.50% level.
According to the Chicago Mercantile Exchange FedWatch, the market views the probability of a September rate cut as high.

With global financial markets focused on a potential rate cut by the Federal Reserve (Fed) in September, opinions have emerged that the Fed may carry out a big cut (cutting rates by 50bp).

On the 8th (Korean time), Jinsi News reported that Standard Chartered forecast the Fed would cut rates by 50bp (0.50% points) at the Federal Open Market Committee (FOMC) meeting on September 17 (local time). The current US policy rate is 4.25~4.50%.

According to the Chicago Mercantile Exchange (CME) FedWatch tool, the market is pricing in a high probability of a September rate cut. The probability of a 25bp cut is 90%, and the probability of a 50bp cut is 10%.