Cathay United Bank: Fed May Cut Rates in Q4 if Supply-Side Shocks Ease
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Cathay United Bank predicts that the U.S. Federal Reserve (Fed) may begin cutting interest rates in the fourth quarter of this year if supply-side shocks ease. However, the Fed is expected to maintain a wait-and-see approach in the short term due to high oil prices and geopolitical uncertainties in the Middle East.