USD: Adding Another 25bps Cut To Our Fed’s Rate Call – ANZ

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How deep will the Federal Reserve cut rates? ANZ has some answers.

Here is their view, courtesy of eFXdata:

ANZ Research made a change to its Fed’s rate call. ANZ now expects the Fed to cut rates at the FOMC meeting this month and again in December.

“A 25bps rate cut from the FOMC at its September meeting looks a sure thing, amid escalating trade tensions and further cracks in global growth.  We now expect the FOMC to cut by a further 25bps again before year’s end. The risks are for more easing than we anticipate,” ANZ notes.

“The Fed’s future monetary policy path remains highly uncertain. Indeed, as Fed Chair Powell indicated at Jackson Hole, there are no precedents to guide policy in response to this challenging geopolitical environment,” ANZ adds.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.