State Street Global Advisors plans to bet that the Fed may cut interest rates by 50 basis points in June

State Street Global Advisors is betting that the Federal Reserve will cut interest rates by 50 basis points as early as June. The firm believes that the Fed will cut interest rates before the US presidential election in November. In addition, the company also expects that the Fed will cut interest rates by 150 basis points by the end of this year, which is 2.5 times the current market pricing. State Street Global insists that the US economy is not as strong as it seems, and indicators such as credit card default rates and small business credit costs indicate that the economy may decline later this year. (Jinshi)