Standard Chartered Expects Fed to Cut Rates by 50 Basis Points in September

Key Takeaways:Standard Chartered now predicts a 50 bps Fed rate cut in September, up from its earlier 25 bps call.The revision reflects concerns over U.S. economic momentum and labor market weakness.A larger-than-expected cut would signal the Fed’s urgency to ease financial conditions.Standard Chartered Bank has revised its U.S. monetary policy forecast, saying on Sept. 8 that the Federal Reserve is likely to deliver a 50 basis point rate cut in September.The forecast marks a more aggressive stance compared to its earlier projection of just a 25 basis point reduction. The bank said mounting signs of a slowing economy and weakening labor market conditions could push the Fed toward stronger action to stabilize growth.The September decision will be closely watched as markets assess how far and fast the Fed is willing to ease policy into year-end.