Odaily Star Planet Daily News Citigroup Wealth Management's Chief Economist, Chief Investment Strategist and Interim Chief Investment Officer Steven Wieting believes that the most likely outcome of the Fed interest rate decision this week is a 25 basis point rate cut, but he emphasizes that no one can be certain about what the Fed will do. He said, 'We expect a 25 basis point rate cut, but if Fed officials want to do it faster, we will also accept a 50 basis point rate cut, and if they are willing to act quickly, they can also cut rates quickly.' However, Steven Wieting pointed out that the history of Fed rate cuts shows that when adjusting monetary policy to adapt to the current economic situation, the Central Bank will cut rates by 25 basis points; and when the economy is on the brink of recession, the Fed usually makes larger rate cuts.
Steven Wieting, 2025 yılı ortasına kadar Fed'in 200 baz puanlık bir faiz indirimi yapmasını beklediği için, bu toplantıdaki 25 veya 50 baz puanlık faiz indiriminin oyun kurallarını değiştirmeyeceğini belirtti. Ona göre, önemli olan zamanlama meselesidir. (Jinshi)
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Citi Chief Economist: Fed Will Cut 25 baz puan for the First Time
Odaily Star Planet Daily News Citigroup Wealth Management's Chief Economist, Chief Investment Strategist and Interim Chief Investment Officer Steven Wieting believes that the most likely outcome of the Fed interest rate decision this week is a 25 basis point rate cut, but he emphasizes that no one can be certain about what the Fed will do. He said, 'We expect a 25 basis point rate cut, but if Fed officials want to do it faster, we will also accept a 50 basis point rate cut, and if they are willing to act quickly, they can also cut rates quickly.' However, Steven Wieting pointed out that the history of Fed rate cuts shows that when adjusting monetary policy to adapt to the current economic situation, the Central Bank will cut rates by 25 basis points; and when the economy is on the brink of recession, the Fed usually makes larger rate cuts. Steven Wieting, 2025 yılı ortasına kadar Fed'in 200 baz puanlık bir faiz indirimi yapmasını beklediği için, bu toplantıdaki 25 veya 50 baz puanlık faiz indiriminin oyun kurallarını değiştirmeyeceğini belirtti. Ona göre, önemli olan zamanlama meselesidir. (Jinshi)