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Banks Align on Fed Rate Cut Expectations Amid Economic Uncertainty
Banks Align on Fed Rate Cut Expectations Amid Economic Uncertainty
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BTCCSquare news:
Wall Street's heavyweight banks—Standard Chartered, JPMorgan, and Morgan Stanley—now converge on expectations for a 25-basis-point Federal Reserve rate cut this week. The synchronized shift comes as mixed economic data clouds the outlook for U.S. growth.
Standard Chartered framed its revised forecast as a 60-40 probability, emphasizing what it called 'insurance cut' logic against slowing momentum. The bank joins peers in anticipating FOMC action despite potential dissent among voting members.
Nomura analysts injected caution, predicting a contentious vote should the Fed proceed. Their outlook mirrors the broader market tension between recession signals and persistent inflation metrics.
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