Saxo Markets: If the Fed cuts rates by 50 basis points immediately, it may cause some panic

Charu Chanana, global market strategist and head of foreign exchange strategy at Saxo Markets, said that overall, the message conveyed by global data is very clear, that is, we are entering a period of economic slowdown. Chanana said: "My preference is a 25 basis point rate cut. As I said, there is no reason to panic. If the Fed cuts by 50 basis points immediately, it may cause some panic." She added: "I think they will adopt very dovish language and leave room for a 50 basis point cut in November or December if necessary. A 25 basis point cut plus very dovish rhetoric will make up for the impact of not cutting by 50 basis points now." (Jinshi)