Analysis: The Fed's final rate cut will exceed its current suggestion

BlockBeats News, on September 18, economists at Dutch International said in a report that the downside risks faced by the US job market are the main basis for the Federal Reserve's decision to cut interest rates; considering the recent weak employment data, this reason is not surprising. Federal Reserve Chairman Powell described the rate cut as a "risk management-based rate cut" because on the surface, the U.S. economy seems to be OK. But economists point out that in-depth analysis reveals that situations are changing, with the most significant change reflected in the job market. The agency's economist also said the Fed raised its growth and inflation expectations while lowering its unemployment expectations, a move that shows that policymakers believe that rapid and powerful actions will bring tangible results to the economy in the coming months. We believe that the Fed's ultimate rate cut will exceed the level it currently suggests. (Jin Shi)