Swiss Boston Group: Weak U.S. economic data will lead to continued interest rate cuts in the Federal Reserve

Swiss Boston analyst David Cole said in a report that the Fed cut interest rates by 25 basis points, coupled with recent weak U.S. economic data, suggests that the Fed is likely to continue cutting interest rates at each meeting until March 2026. The chief economist pointed out that this will shift U.S. monetary policy from its current restrictive position to a neutral position. “We expect the U.S. economy to maintain balanced growth in the coming months, which justifies a gradual transition from a restrictive stance to a neutral stance,” he said. (Golden and Stone)