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The Fed is close to cutting rates – NAB

2019-06-24 14:45

Tony Kelly, Senior Economist – International, Group Economics at National Australia Bank (NAB) believes that the US Federal Reserve (Fed) is preparing to cut the interest rates as soon as next month.

Key Quotes:

“Trade disputes continue to cast a shadow over the US economic outlook.

While recent data suggest some upside risk to our Q2 GDP forecast, business surveys point to a slowing economy.

The Fed is getting ready to cut rates; we expect two 25bp reductions in the federal funds rate, with July and September now the most likely dates.

There is considerable event risk around these projections – including the upcoming meeting between the US and Chinese Presidents.

Risks still appear slanted towards the Fed making more rather than fewer cuts."

This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

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