Analyst: Four interest rate cuts are expected next year after the new Federal Reserve Chair takes office
BlockBeats News, November 20, Infrastructure Capital analyst Jay Hatfield stated that unless employment data is extremely weak, the Federal Reserve is not expected to cut rates in December, but the data was completely contrary to his team's expectations. "We still expect the Federal Reserve to remain on hold in December. We are confident that inflation is gradually declining, and that there will be four rate cuts next year after the new Federal Reserve Chair takes office. Therefore, the yield on the ten-year Treasury bond should remain around 4%, which is positive for the stock market." (Golden Ten Data)
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