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Analyst: It is expected that next year, after the new Federal Reserve Chair takes office, there will be four interest rate cuts
BlockBeats News, November 20th, Infrastructure Capital analyst Jay Hatfield stated that the Federal Reserve is not expected to cut interest rates in December unless the employment data is very weak, but the data is completely opposite to his team's expectations. "We still expect the Fed to hold steady in December. We are confident that inflation is gradually declining, and there will be four interest rate cuts next year after the new Fed chairman takes office. Therefore, the 10-year Treasury yield should remain around 4%, which is bullish for the stock market." (FX678)
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