Standard Chartered now expects the Federal Reserve to cut interest rates by 50 bps in September, doubling its earlier #forecast of 25 bps. The call comes after weak non-farm payrolls and a rise in U.S. unemployment to 4.3%, signaling a rapidly cooling labor market. #FederalReserve InterestRate #Macro Crypto
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Standard Chartered now expects the Federal Reserve to cut interest rates by 50 bps in September, doubling its earlier #forecast of 25 bps. The call comes after weak non-farm payrolls and a rise in U.S. unemployment to 4.3%, signaling a rapidly cooling labor market. #FederalReserve InterestRate #Macro Crypto