Most Investment Banks Expect Fed Rate Cut in September While Morgan Stanley and Bank of America Remain Cautious

According to Jinse Finance, major investment banks including Barclays, BNP Paribas, and Deutsche Bank now expect the Federal Reserve to cut interest rates by 25 basis points in September. Previously, at the Jackson Hole annual meeting, Federal Reserve Chairman Jerome Powell shifted his tone and discussed the increasing risks in the labor market. (Zhitong Finance)