Pimco: Weak U.S. Economic Data to Prompt Fed's Continued Rate Cuts

BlockBeats News, September 17th, Baosheng Group analyst David Kohl stated in a report that the Federal Reserve will cut interest rates by 25 basis points, and recent US economic data has shown weakness, indicating that the Fed may continue to cut interest rates at each meeting until March 2026. This chief economist pointed out that this will shift US monetary policy from its current restrictive stance to a neutral stance. He said, "We expect the US economy to maintain a balanced growth trend in the coming months, providing a reasonable basis for the monetary policy to gradually transition from a restrictive stance to a neutral stance." (FXStreet)