TechFlow News, July 31 — According to Jinshi Data, PGIM's Chief U.S. Economist Boccelli said that due to the slowdown in cyclical hiring over the past few months, attention in the United States has shifted from inflation to a loosening labor market, allowing the Federal Reserve to begin cutting interest rates in September. The Fed is expected to announce a rate cut at tonight's meeting. Another cut could come at the December meeting, while a November cut cannot be ruled out. By the end of 2025, the Fed is projected to have cumulatively cut rates by about 150 basis points.
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