Standard & Poor's: Expects Both the Federal Reserve and the Bank of Canada to Cut Interest Rates by 25 Basis Points This Week

BlockBeats News, September 16th, S&P expects that this week the Fed will cut interest rates by 25 basis points to 4%-4.25% amid cooling job data and persistent high inflation, with another rate cut expected in the fourth quarter.

S&P stated: "We believe that the latest economic projections and Powell's press conference will be key in determining how the Fed weights its inflation mandate against its employment mandate compared to the September FOMC rate decision." The agency also forecasts that the Bank of Canada will cut interest rates by 25 basis points to 2.5% and may cut rates at least one more time this year. (FX168)