Societe Generale and Standard Chartered predict the Federal Reserve will cut interest rates by 50 basis points

According to ChainCatcher, citing Golden Ten Data, analysts at Société Générale believe that the Federal Reserve's moderately restrictive stance has been maintained for too long, resulting in an "over-tightening" situation. Therefore, a more substantial policy adjustment is necessary, specifically a 50 basis point rate cut. Standard Chartered is also the only institution predicting that the Federal Reserve will cut rates by 50 basis points this week. Currently, the market generally expects a 25 basis point rate cut, and traders believe the probability of a 50 basis point cut is only about 4%.