Economic Slowdown! Double Down: Three Major Central Banks to Cut Interest Rates Further Next Year, with an Average of 200 Basis Points Reduction

Reported 8 months ago

Ashok Bhatia, Head of Fixed Income Investments at Double Down, predicts that the US Federal Reserve will cut interest rates twice in September and December this year due to the global financial market’s high volatility and the slowing growth of the European and American economies. Bhatia forecasts that next year, major central banks like the US Fed will implement even larger and more significant interest rate cuts, with an average reduction of around 200 to 250 basis points. This announcement comes following the European Central Bank's initiation of rate cuts, signifying a global economic cooling trend and significant decline in inflation.

Economic Slowdown! Double Down: Three Major Central Banks to Cut Interest Rates Further Next Year, with an Average of 200 Basis Points Reduction

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