The Federal Reserve is likely to cut interest rates by 0.25% in September, as the president of the San Francisco Fed has said the time has come.

August 27, 2024, 4:53 AM GMT+9 (Partial excerpt)

The president of the San Francisco Fed stated on the 26th that the time has come to make a rate cut and indicated a high likelihood of starting with a 0.25% point cut.
Daily President stated in an interview with Vroom Bloomberg Television that it is unlikely for the September rate cut to deviate from track.
Furthermore, he pointed out that the most likely future course is for inflation to continue to slow gently and for employment to expand at a stable and sustainable pace. If this is realized, it would seem rational to adjust policies at a normal pace.
Chairman Powell of the Federal Reserve Board also indicated during a speech on the 23rd that the time has come to adjust policies, hinting at the possibility of starting a rate cut in September. The extent of the first rate cut is expected to depend on economic indicators.