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2025-09-18 04:18:05
George Goncalves, head of U.S. macro strategy at Mitsubishi UFJ, said the Fed's decision was the most dovish statement it could make, and added another rate cut this year to the dot plot expectations, but it felt that the Fed had not entered the rate cut sprint mode, but had simply restarted the rate cut process because it acknowledged that the job market was not as good as expected. This is also the reason for the flat reaction of risk assets. The Fed may cut by 25 basis points in October and December respectively, and a 50 basis point rate cut may not necessarily be good for credit.
