Reported about 23 hours ago
Standard Chartered anticipates that the U.S. Federal Reserve will reduce interest rates by 50 basis points at its upcoming meeting this month, prompted by a disappointing jobs report from August. The report revealed a significant drop in job growth and an increase in the unemployment rate to 4.3%, indicating a weakening labor market and strengthening the case for a more aggressive rate cut than previously projected. Other financial institutions, like Morgan Stanley and Deutsche Bank, argue the data may not warrant such a sharp cut, although they see potential for gradual reductions in future meetings.
Source: YAHOO