Schroder Investment: US economy is slowing down, will cut interest rates by 25 basis points for the first time in September

Schroder Investment pointed out that the US economy is slowing down and is expected to cut interest rates for the first time by 25 basis points in September 2024. Powell admitted at the Jackson Hole meeting that the labor market is cooling down, hinting that the timing of rate cuts depends on future economic data. The futures market believes that there is a one-third chance of a rate cut in September. Schroder Investment emphasizes the need to be cautious about monetary policy to avoid the risk of economic recession. Ultimately, the Federal Open Market Committee may adjust interest rates based on economic developments, thereby affecting inflation