Via a Standard Chartered not from last week ICYMI:
Stan Chart has doubled its forecast for the Federal Reserve’s September meeting, now predicting a 50-basis-point rate cut instead of the 25 bps reduction it previously expected. The shift comes after weak August jobs data showed payrolls slowing sharply and unemployment climbing to 4.3%, the highest since late 2020.
The bank called the turnaround in labor market conditions “striking,” noting it had softened in just six weeks. It compared the situation to September last year, when the Fed surprised markets with a larger cut to offset slowing momentum. Standard Chartered framed the move as a potential “catch-up” to align policy with economic reality
Standard Chartered sees Fed slashing rates by 50 bps in September on weak jobs report
