BBH Global Market Strategist: Fed Keeps Interest Rate Cuts Close to the Vest

According to a report by Jinse Caijing, Win Thin, the global market strategist at BBH, said, “I think many people hope that the Fed’s wording will soften to some extent, such as ‘we have more confidence in inflation,’ but the Fed has not hinted at a rate cut in September no matter what.” “I think they will cut rates, but the Fed is tight-lipped. The statement is a bit milder than expected.”