Standard Chartered Predicts 50 Basis Points Fed Rate Cut Next Week After Unemployment Soared to Near Four-Year High: Report

Banking giant Standard Chartered believes the Federal Reserve should cut interest rates by half a percentage point following a less-than-stellar August jobs report. Last week, the Bureau of Labor Statistics revealed that the US economy added just 22,000 jobs in August, well below the consensus expectation of 75,000. source: https://dailyhodl.com/2025/09/10/standard-chartered-predicts-50-basis-points-fed-rate-cut-next-week-after-unemployment-soared-to-near-four-year-high-report/