Ahead of the Federal Reserve’s crucial decision, scheduled for just days away, Standard Chartered released its updated forecast. Analysis suggests a 25 basis point interest rate cut is now widely anticipated in September, with market expectations currently favoring this move at nearly 90%. However, there’s growing consensus that a larger 50 basis point reduction is more likely. This shift reflects the rapidly cooling labor market and potential for greater policy flexibility from the Fed. Standard Chartered analysts anticipate the interest rate cut to be 0.50%, based on recent nonfarm payrolls and unemployment data. This move represents a significant shift from their previous prediction of a 25 basis point reduction in September. This update comes as the market eagerly awaits the Fed’s decision, which will have major implications for the economy.