Odaily Planet Daily News, Federal Reserve Chairman Powell said in a speech at Jackson Hole last Friday, "Now is the time to cut interest rates," followed by a market expectation that the Fed will cut interest rates by up to 50 basis points at the September meeting. Deutsche Bank strategists pointed out that the number of people applying for unemployment benefits has actually remained stable or even decreased in recent weeks. Strategists believe that the US economy may not be in trouble and is short-selling 10-year US Treasuries. The 10-year US Treasury yield target they gave was 4.1%, with a stop loss of 3.65%. They said the Fed's dovish attitude had been fully priced in as the market expected the Fed to cut interest rates by at least 50 basis points at one of the remaining three meetings this year, ultimately bringing the interest rate from the current range of 5.25%-5.5% down to 3%. (Jinshi)
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Deutsche Bank stratejisti: Piyasa, bu yıl en az bir kez 50baz puan faiz indirimi bekliyor.
Odaily Planet Daily News, Federal Reserve Chairman Powell said in a speech at Jackson Hole last Friday, "Now is the time to cut interest rates," followed by a market expectation that the Fed will cut interest rates by up to 50 basis points at the September meeting. Deutsche Bank strategists pointed out that the number of people applying for unemployment benefits has actually remained stable or even decreased in recent weeks. Strategists believe that the US economy may not be in trouble and is short-selling 10-year US Treasuries. The 10-year US Treasury yield target they gave was 4.1%, with a stop loss of 3.65%. They said the Fed's dovish attitude had been fully priced in as the market expected the Fed to cut interest rates by at least 50 basis points at one of the remaining three meetings this year, ultimately bringing the interest rate from the current range of 5.25%-5.5% down to 3%. (Jinshi)
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