DBS Bank: The Fed has sufficient conditions to cut interest rates, but it should not be too fast
2024-09-02 15:10
Odaily News DBS Bank investment strategist Deng Zhijian said that with the August non-farm payrolls coming this week, the Federal Reserve has sufficient conditions to cut interest rates, but it should not do so too quickly; the current rebound in U.S. stocks to new highs lacks substantial support; the August U.S. non-farm payrolls is expected to be slightly better than last month; September has always been the worst month for U.S. stocks throughout the year, so operations should not be too aggressive.
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