BNP Paribas and Standard Chartered predict that the Fed will cut interest rates by 50 basis points, believing that the Fed's policy needs "a forceful adjustment."

BlockBeats News, September 15th: A Natixis bank analyst believes that the Federal Reserve's moderately restrictive stance has persisted for too long and there is a situation of "over-tightening." Therefore, despite current concerns about inflation stickiness, the risk balance of the Federal Reserve's dual mandate (employment and inflation) has tilted towards employment. Based on this, it is necessary to take a more forceful policy adjustment (i.e., a 50 basis point rate cut). In fact, they are not the only ones holding this view. Standard Chartered Bank is another institution that has forecasted that the Federal Reserve will cut interest rates by 50 basis points this week. However, it is worth noting that this view contradicts the current market pricing and general consensus—currently, the market widely expects a 25 basis point rate cut. As mentioned earlier, traders currently estimate the probability of a 50 basis point rate cut by the Federal Reserve to be only about 4%. (FX678)