Société Générale: The Federal Reserve's rate cut meets expectations, and the market is focused on inflation data

ChainCatcher news, according to Jinshi reports, Societe Generale stated that the Federal Reserve's decision to cut interest rates by 25 basis points meets widespread expectations and is not disappointing. The bank predicts that if the September meeting decides to cut rates by 25 basis points, there may be further cuts of 25 basis points in October and December. Societe Generale noted that the Federal Reserve expects the interest rate level to reach 3.38% by the end of 2026, which is nearly 50 basis points higher than the current market pricing. Next week, the market focus will shift to personal income and expenditure data and the Personal Consumption Expenditures (PCE) price index.