Standard Chartered: Expects Federal Reserve to keep interest rates unchanged this year, with the first actual rate cut coming in the second quarter of next year

Svmuu News: Standard Chartered believes that the Federal Reserve may keep interest rates unchanged for the rest of the year and begin cutting rates in earnest in the second quarter of next year. Standard Chartered stated that market expectations regarding Federal Reserve are too hawkish. According to Standard Chartered’s market outlook report for the second half of the year, the U.S. economy is performing better than expected; at the same time, the interim agreement reached between the U.S. and Iran may push overall inflation to peak in the second quarter.The current situation is favorable for interest rates in emerging markets such as India. Standard Chartered currently favors investing through equities and believes that India’s future environment will improve and the situation will stabilize.