BlockBeats news, on September 16, before the Federal Reserve's interest rate decision, the US retail sales data, known as the "horror data", will be released. UBS said that they are paying close attention to retail sales and industrial production data, and the weakness of these data may affect the Fed's decision to cut the federal funds rate by 50 basis points instead of 25 basis points.
UBS said that US inflation has slowed to the point where interest rates can be cut. The agency outlined their "basic expectations" that the Federal Reserve will cut interest rates by 100 basis points for the rest of the year and another 100 basis points in 2025. UBS added that as the pace of rate cuts accelerates, the US dollar will fall further and gold will rise further. (Gold Ten)