Economist: The Fed may cut interest rates by 25 basis points in September, October and December

Odaily News Kathy Bostjancic, chief economist at Nationwide Financial, said that a lot of data will affect the Feds decision-making in the next two months. If the current trend continues, the Fed should be able to implement an easing policy in September. He believes that the Fed will cut interest rates by 25 basis points in September, October and December, but Powell may balance all parties by not over-committing: that is, supporting the September rate cut and emphasizing that this is not a signal of further easing, and suspending action if inflation worsens. (Jinshi)