Standard Chartered Forecasts 50 Basis Point Fed Rate Cut in September

Standard Chartered has significantly shifted its prediction for the Federal Reserve’s action, now anticipating a 50 basis point rate cut in September, a significant change from their prior forecast of just 25 basis points. This revised expectation reflects growing concerns over US economic momentum and signs of labor market weakness. A larger-than-expected move would signal the Fed’s commitment to easing financial conditions and addressing potential slowing growth.