HQ Trust CIO: Fed not expected to cut rates before September meeting

Christian Subbe, chief investment officer at HQ Trust, said the Fed is not expected to cut interest rates before its September meeting, but officials' comments may become more dovish and help calm the market. He said weak data does not necessarily indicate a hard landing for the economy, and the Fed has enough room to cut interest rates further if necessary. The Bank of Japan is also expected to take measures to stabilize the market. (Jinshi)