TechFlow, Nov 19 — According to Jinshi Data, although Federal Reserve policymakers remain deeply divided ahead of the December meeting, Standard Chartered stated this is unlikely to prevent the Fed from continuing to cut rates, warning that weak labor market expectations will continue to drive monetary policy direction.
Steve Englander, Head of Global G10 Foreign Exchange Research and North America Macro Strategy at Standard Chartered, said in a recent report: "We maintain our view that the FOMC will cut rates in December, primarily because we expect employment data from September to November to be very weak, which should be sufficient to push the Fed's moderates toward supporting rate cuts."
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