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Vanguard Group's Global Interest Rate Director: The threshold for the Fed to cut 50 basis points in September may be "relatively low"

Vanguard Group's Global Interest Rate Director: The threshold for the Fed to cut 50 basis points in September may be "relatively low"

Bitget2024/09/02 13:22

Odaily reports that Roger Hallam, Vanguard Group's global interest rate director, said that although the U.S. labor market has recently slowed down, it is currently "not weak". However, he added: "If there are unexpected downturns in Friday's labor market report," then the threshold for the Federal Reserve to cut interest rates by 50 basis points in September may be "relatively low." And "if we see relatively favorable economic data, bond yields may rise." Meanwhile, data from the Chicago Mercantile Exchange (CME) Federal Reserve Watch tool last Friday showed that traders in the federal funds futures market are pricing a possible 100 basis point rate cut by the Fed this year.

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