Most investment banks expect the Federal Reserve to cut interest rates in September, but Morgan and Bank of America remain on the sidelines
2025-08-25 09:55:44
Big investment banks including Barclays, BNP Paribas and Deutsche Bank now expect the Federal Reserve to cut interest rates by 25 basis points in September, after Fed Chairperson Jerome Powell reversed course at his annual meeting in Jackson Hole and talked about mounting risks in the labour market.
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