Renaissance Macro Research: Markets appear to be viewing September rate cut as a coin toss between 25 and 50 basis points

Odaily News Neil Dutta of Renaissance Macro Research said: "The market seems to be treating the September rate cut as a coin toss between 25 and 50 basis points. I think the risk of a 25 basis point cut is the same as the risk of skipping the July meeting. If the next data point makes investors second-guess the Fed's decision, it will exacerbate bets that the Fed is behind the curve. Cut rates by 50 basis points when you can, not when you have to. (Jinshi)