Odaily Star News According to the speech delivered by Fed Chairman Powell at Jackson Hole last Friday, "now is the time to cut interest rates", and then the market expects the Fed to cut interest rates by as much as 50 basis points at the September meeting. Deutsche Bank strategists pointed out that the number of applications for unemployment benefits has actually remained stable in the past few weeks, and even declined. Strategists believe that the US economy may not be in trouble and is shorting the 10-year US Treasury bond. They have a 10-year US Treasury bond yield target of 4.1% and a stop loss point of 3.65%. They said that the Fed's dovish attitude has been fully priced in, as the market has expected the Fed to cut interest rates by at least 50 basis points at the remaining three meetings this year, and ultimately the interest rate will fall from the current range of 5.25% -5.5% to 3%. (Jin Shi)
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Estratega del Deutsche Bank: el mercado ya ha anticipado al menos una vez este año un recorte de 50 puntos base de la Reserva Federal
Odaily Star News According to the speech delivered by Fed Chairman Powell at Jackson Hole last Friday, "now is the time to cut interest rates", and then the market expects the Fed to cut interest rates by as much as 50 basis points at the September meeting. Deutsche Bank strategists pointed out that the number of applications for unemployment benefits has actually remained stable in the past few weeks, and even declined. Strategists believe that the US economy may not be in trouble and is shorting the 10-year US Treasury bond. They have a 10-year US Treasury bond yield target of 4.1% and a stop loss point of 3.65%. They said that the Fed's dovish attitude has been fully priced in, as the market has expected the Fed to cut interest rates by at least 50 basis points at the remaining three meetings this year, and ultimately the interest rate will fall from the current range of 5.25% -5.5% to 3%. (Jin Shi)
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