Viewpoint: It is expected to have a total interest rate cut of 75 basis points by the end of the year

BlockBeats News, August 22nd, Nationwide's Chief Economist Kathy Bostjancic stated that the Federal Reserve will cut interest rates by a total of 75 basis points before the end of the year. She pointed out: "Powell has taken on a noticeably more dovish tone and significantly opened the door to a rate cut in September, as he sees the downside risks to employment rising significantly. This supports our view of a 25 basis points rate cut next month, and we also continue to expect that by the end of the year, the Fed will have cut rates by a total of 75 basis points, as the labor market will further weaken and inflation's rise is only moderate and temporary." (FXStreet)