Nomura Securities: The Fed may need to cut rates more sharply and take three actions

"Since the Fed has decided to wait, it may need to cut rates more sharply, but the U.S. macroeconomic outlook remains quite resilient. Now everything depends on the labor market," said Andrzej Szczepaniak, an economist at Nomura Securities. Andrzej Szczepaniak predicts that the ECB will cut rates again this month and once more before the end of the year. He said the Fed may also take three actions this year, and the market may be too optimistic that the Fed will do more than the ECB. (Jinshi)