StanChart revises Fed cut expectations to 50 bps in September after weak US jobs data

Standard Chartered anticipates a significant 50 basis point interest rate cut by the U.S. Federal Reserve at its September 17 meeting. This revised forecast follows weaker-than-expected August jobs growth and a rise in unemployment to 4.3%. The brokerage firm believes the rapidly softening labor market necessitates a more aggressive monetary policy response.