Global Economic Slowdown Expected, Says Saxo Markets Strategist

According to Odaily, Saxo Markets' Global Market Strategist and Head of FX Strategy, Charu Chanana, has indicated that global data clearly points to an economic slowdown. Chanana stated, 'My inclination is a 25 basis point rate cut. As I mentioned, there is no reason to panic. If the Federal Reserve immediately cuts rates by 50 basis points, it might cause some panic.' She added, 'I believe they will use very dovish language and leave room for a 50 basis point rate cut in November or December if necessary. A 25 basis point cut combined with very dovish rhetoric will offset the impact of not cutting 50 basis points now.'