Breaking! September Interest Rate Cut?! Bowman Calls for the Fed to Cut Rates 3 Times This Year!

The latest statements from Federal Reserve Vice Chairman Bowman include the following key points:

Interest Rate Cut Advocacy: Supports three interest rate cuts within this year, calling for a rate cut to be initiated at the September Fed meeting to guard against deterioration in the labor market.

Meeting Position: Voted against alongside Governor Waller in a recent Fed meeting, advocating for an immediate 25 basis point rate cut.

Inflation View: Believes that tariffs will not continue to push up inflation.

Economic Data Basis: July non-farm payroll data showed only 73,000 new jobs, with the unemployment rate rising to 4.2%, and the data for the previous two months was revised down, which is an important reason for advocating rate cuts.

Goldman Sachs and Citigroup Speak Up:

The Fed may initiate rate cuts in September

Aggressive cut of 50 basis points, with a terminal rate of 3% or lower