FXStreet Summary: Institutional Outlook on the Fed Interest Rate Decision (Part 3) - Likely to cut rates by 25 basis points, opening the door for more rate cuts

Multiple institutions predict that the Federal Reserve will cut interest rates by 25 basis points at the upcoming meeting. Ernst & Young pointed out that this is the first dissenting opinion in 19 meetings and raised its unemployment rate forecast. China International Capital Corporation believes that the rate cut will be intermittent, while Deutsche Bank expects a total of 100 basis points cut by the end of the year. Danske Bank and Nordea also support a 25 basis points rate cut and predict future rate cut pace. CITIC Securities and Deutsche Bank are focusing on the allocation opportunities of short-term US Treasuries and US stocks