The market is overly optimistic about the Fed's interest rate cut expectations, according to Canadian Imperial Bank of Commerce
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最新报道：According to Bijie.com, Canadian Imperial Bank of Commerce economist Timothy Musial believes that market expectations for a significant Federal Reserve rate cut are overly optimistic. Despite exceptionally weak August non-farm payroll data and the downward revision of June's data to negative territory, the market is still primarily betting on a 50 basis point rate cut by the Fed this month. Musial noted that most current bets are focused on a series of gradual 25 basis point rate cuts, and expects the Fed to maintain policy flexibility after its September 17 meeting and not commit to an October rate cut.
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