The Federal Reserve's interest rate cut is getting closer, and asset management giants are restructuring their positions and increasing their bets on emerging market assets.

Several of the top-performing emerging market bond management companies are repositioning their portfolios, as the highly anticipated interest rate cuts in the United States in decades have brought new momentum to asset classes that have suffered nearly $15 billion in outflows this year.

Zhitong Finance20:27 ET

USA's July PCE inflation rose moderately, paving the way for a rate cut next month.

①In July, the overall PCE price index increased by 2.5% year-on-year, with an expected 2.6%; the month-on-month increase was 0.2%, in line with expectations. ② The impact of this report may be insignificant, but it does confirm what Fed Chairman Powell said, with the focus potentially being on employment trends, as people believe that the inflation trend may continue towards the 2% target.

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50 basis points to start an interest rate cut cycle? The Federal Reserve has never done this before.

Deutsche Bank believes that if the labor market remains stable, the Federal Reserve may choose to gradually reduce interest rates by 25 basis points, and will not reduce interest rates sharply all at once.

wallstreetcnAug 29 03:03 ET