Mitsui Sumitomo Bank: Considering past amendments, the Federal Reserve may possibly cut interest rates by 50 basis points
Odaily reports that Hirofumi Suzuki, the chief foreign exchange strategist at Sumitomo Mitsui Banking Corporation in Tokyo, stated that the slightly weaker than expected U.S. employment report will not prompt the Federal Reserve to cut interest rates by 50 basis points at its September meeting. However, considering previous adjustments, this result implies that it's possible for the Federal Reserve to cut interest rates by 50 basis points depending on indicators after next month.
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