Survey shows: The Fed's interest rate cut in September is a foregone conclusion, and there will be at least one interest rate cut before the end of the year

Golden Finance reported that almost all of the 107 analysts surveyed by Reuters believed that the Fed would cut interest rates by 25 basis points on September 17, as weak job markets overshadowed the impact of inflation risks. Most analysts expect further rate cuts in the next quarter. Employment growth stagnated in August, coupled with a sharp downward revision of employment data for the past 12 months to March, prompting many economists to lower expectations and believe the Fed may implement more rate cuts than previously expected. The market has fully digested the rate cuts in September, and is currently expected to have three cuts this year, compared with only two just a few weeks ago. "The Fed has now had four consecutive months of evidence that labor demand has slowed down and that trend seems to be more persistent... In short, current inflation levels should be temporarily ignored and instead supported the job market by easing policies. However, we believe that the probability of a 25 basis point cut in September is higher than a larger rate cut."