They're not alone in the call at least, with Standard Chartered being the other only brokerage to predict that the Fed will cut by 50 bps this week. In any case, just be wary that the call runs against the market pricing and general consensus at the moment which is for a 25 bps rate cut. As mentioned earlier, traders are only assigning roughly 4% odds of a 50 bps rate cut currently.Going back to Societe Generale's call, the firm argues that the Fed's moderately restrictive stance has overstayed its welcome and has "overshot". As such, that warrants a forceful recalibration even though there are still concerns on more stubborn inflation despite the balance of risks shifting towards the employment side of the Fed's dual mandate. This article was written by Justin Low at investinglive.com.