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There’s now a much higher probability that the US Fed will start cutting interest rates soon. ING’s James Knightley says our thinking has started to change
US Interest Rate Cuts Could Come Sooner Than You Think
President Donald Trump has been heaping pressure on the US Federal Reserve to cut interest rates. And, given the disappointing jobs report last week and weaker growth, he might get his wish in September. Inflation worries are a concern, but we wouldn’t be surprised if we get a 25bp cut next month. And our Senior International Economist, James Knightley, says if they do cut then, it would be hard to see them pausing at subsequent meetings this year.
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