🚨NEWS IN: INTEREST RATE CUTS.🔥🔥🔥
On September 4th, Mark Cabana, the Head of US Bank Rate Strategy at Bank of America, presented a significant outlook for Federal Reserve policy. He stated that the central bank could ultimately reduce interest rates to at least 3%. Furthermore, Cabana emphasized that the market has likely underestimated the possible extent of the upcoming easing cycle, suggesting that rates may potentially be lowered even further beyond that 3% threshold. This perspective implies a more aggressive dovish pivot than is currently anticipated by investors. For forex traders, this analysis points to a potentially profound and sustained weakening of the US dollar if such deep cuts materialize, affecting major currency pairs.
