CITIC Securities: The Federal Reserve is expected to cut interest rates three times in a row this year
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最新报道：According to a CITIC Securities research report, Powell's remarks at the Jackson Hole summit were consistent with our previous expectations. He emphasized downside risks to the job market and continued the July meeting's view that "tariff inflation is a one-off," paving the way for a September rate cut. We maintain our previous view that the Fed will cut interest rates three times this year, each by 25 basis points. Regarding adjustments to its monetary policy framework, the Fed abandoned average inflation targeting and returned to a flexible inflation targeting system, revising its wording to emphasize attention to "two-way" job market risks.
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