TechFlow, September 18 — According to Jinshi Data, after Powell's speech early this morning, major institutions have reached a consensus that the Federal Reserve will cut interest rates in October. Key institutional views are as follows:
Morgan Stanley: Powell's comments failed to dispel our speculation that the Fed is likely to cut rates again at its October meeting.
Nomura Securities: We now expect the Federal Reserve to cut rates by 25 basis points each in October and December, revising from our previous forecast of a pause in October followed by a rate cut in December.
"New Bond King" Gundlach: A 25-basis-point rate cut by the Fed was the right move, and I expect another rate cut at the October meeting.
China International Capital Corporation (CICC): We expect the Fed to cut rates again in October, but the threshold for further cuts will become increasingly higher.
CITIC Securities: We still expect the Fed to cut rates by 25 bps at both the October and December FOMC meetings.
