05 September | Sunil Garg shares his views on CNBC Access Middle East

Sunil Garg, MD and CIO of Lighthouse Canton, joined Emily Chan Tan to discuss the outlook of September's expected rate cut.‍

Despite July's disappointing jobs report, there is consistent weakness across multiple employment indicators, with job openings fallen below unemployed persons for the first time since 2021.‍

A rate cut is expected for the September Fed Meeting, but the guidance matters more than the decision itself.‍

While markets are pricing in at least another two rate cuts - one more this year and another in January, there are concerns of whether there could be more aggressive rate cuts ahead should the labor market deteriorate further. Ultimately, the guidance and the language that comes out from September's meeting will be critical for market direction.‍

Watch the interaction below