Societe Generale: Markets could force the Fed to cut rates by 50 basis points

Recent U.S. data seem to indicate that the Fed may cut interest rates by 25 basis points in the middle of the week. Kit Jukes, a macro strategist at Societe Generale, said the market could force the Fed to cut interest rates by 50 basis points. He added that U.S. retail sales and industrial production data in the coming days could affect people's views. He said that if weak retail sales pushed up pricing, the Federal Open Market Committee might worry about not keeping up with the situation. (Jinshi)