Last week, the yuan rebounded against the dollar, according to the content of the Politburo meeting, institutions generally believe that the exchange rate stability will receive more attention. A more critical point is the dollar, Beijing time last Thursday (27) at 2:00 am will usher in the Federal Reserve interest rate resolution, the international investment bank is expected to be the “last plus”.
With signs of cooling inflation, Goldman Sachs expects the Fed to raise interest rates will be the last in this cycle, the target interest rate range of 5.25% to 5.5%, the U.S. probability of recession to 20%, is expected to reduce interest rates will start from the second quarter of 2024, each quarter to reduce the 25 BP (basis points) until the federal funds rate fell to 3% to 3.25%, higher than the FOMC expected long-term average of 2.5%. 2.5%.
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Post time: Jul-31-2023