Economist: Federal Reserve may significantly cut interest rates in December

Odaily Planet Daily News: Dutch International Group economist Knightley said that the Federal Reserve may not cut interest rates until December, but will choose to significantly cut interest rates by 50 basis points. The economist stated that due to the inflationary impact of tariffs, the Federal Reserve will not immediately cut interest rates. However, the impact of tariffs on prices will be one-time. This will enable the central bank to boost the slowing economy later by cutting interest rates. The possibility of a September interest rate cut is high in the current pricing of the US money market. However, Knightley stated that the Federal Reserve may also wait longer rather than choosing to make a larger rate cut in December. (Golden Ten)