September US interest rate cut observations will increase, and there are also ways of looking at 50bps interest rate cuts in response to FRB chairman's remarks

August 24, 2024 1:35 AM GMT+9

Chairman Powell of the US Federal Reserve (FRB) received remarks at the lecture given at the economic symposium “Jackson Hole Meeting” in Wyoming on the 23rd, and there was a growing observation in the market that the FRB would move to cut interest rates at the Federal Open Market Committee (FOMC) in September.
There is a strong view in the market that interest rate cuts of 25 basis points (bp) will continue in September, but in response to Chairman Powell's remarks, the probability of a 50 bps interest rate cut rose to about 1/3, up from over 1/4 before the lecture.
Chairman Powell said in his speech that “the time has come” to adjust policies, and suggested the possibility that interest rate cuts will begin in September.