TechFlow, September 15 — According to Jinshi Data, apart from the widely expected 25 basis point rate cut on Wednesday, Fed officials may also plan for at least one more rate cut before year-end. Goldman Sachs analyst David Mericle said the Fed's latest "dot plot" released in June showed a median expectation among officials of two cumulative rate cuts in 2025, and this outlook is likely to remain unchanged. He noted that inflation remains a thorny issue, but labor market concerns have become increasingly pressing. Mericle added that the Fed chair may not directly commit to a rate cut in October during the press conference: "However, Chair Powell might subtly signal this direction during the briefing."
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