Generali economists: Another rate cut in January next year is reasonable.
Generali Investments senior economist Paolo Zanghieri stated that he and his team believe the market is pricing in a rate cut larger than what the Federal Reserve is likely to implement. "We believe the probability of a rate cut next month is 50%. Given limited new data, it is reasonable for the Fed to wait until January next year to cut rates while signaling a dovish stance. More importantly, based on hopes for a rapid decline in inflation, the market expects nearly four rate cuts next year, which seems overly optimistic. We expect only a 50 basis point cut by summer."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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