Allianz: Postponed Fed rate cut expectations from October to December

Odaily Planet Daily News According to analysts at Allianz Research, the Federal Reserve may remain on hold until the December rate cut, keeping the policy rate in the range of 4.25%-4.50%. The agency has postponed its expectations for the Fed's rate cut from October to December. The reason for the adjustment is that they now believe that US inflation will peak in the early fourth quarter, not the third quarter. Analysts said the Fed is unlikely to ease monetary policy during the peak of inflation. Allianz Research's expectations also mean that the interest rate at next week's FOMC meeting will remain unchanged, which is consistent with money market pricing. (Jinshi)