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The Federal Reserve is "in position"! The global easing curtain is expected to open a new chapter next month.
Last Friday, officials from the three major central banks of the United States, the United Kingdom, and Europe coincidentally stated that they will enter an interest rate cut cycle in the coming months or continue the previous rate cut pace. This indicates that as the global economy gradually emerges from the post-pandemic period of high inflation, the era of high global borrowing costs is about to end, and the loose monetary policies of major central banks are also expected to usher in a new chapter next month.
SA Sentiment Survey: Most Investors See S&P 500 Finishing 2024 Higher Than Current Levels
On the eve of the Jackson Hole meeting, Federal Reserve officials are sounding dovish, expressing strong support for an early rate cut.
Officials still emphasize the health of the US labor market and economy, but advocate for gradually starting to reduce interest rates as soon as possible.
US Securities Held Outright by Fed Decline Sharply as of Aug. 21 Compared With Previous Week
Dovish Fed Minutes Opens the Door for a 50-basis Point Rate Cut - Standard Chartered
'We Do Not See a Recession on the Horizon' – TS Lombard
