NEW YORK (Reuters) - The U.S. Federal Reserve may lower lending rates by a quarter point in July and by the same increment in September on signs of slowing economic growth and risk from the trade conflict between China and the United States, Societe Generale (PA:SOGN) said on Thursday.
"We still see a need for more aggressive rate cuts eventually as (signs) of U.S. economic weakness are more pronounced," Stephen Gallagher, U.S. chief of economics at Societe Generale wrote in a research note.