FAC: Fed rate cuts meet expectations, markets pay attention to inflation data

According to ChainCatcher, according to Kingshin, FASAC said the decision to cut interest rates by 25 basis points in the Federal Reserve meets general expectations and is not disappointing. The bank predicts that if the September meeting decides to cut interest rates by 25 basis points, it may continue to cut interest rates by 25 basis points in October and December. FAC noted that the Fed expects interest rate levels to reach 3.38% at the end of 2026, nearly 50 basis points higher than the current market pricing. Next week, the market focus will turn to personal income and expenditure data and personal consumption expenditure price index (PCE).