【Institution: The probability of the Federal Reserve pausing interest rate cuts rises by mid-next year】Golden Finance reports that Minsheng Securities states the probability of the Federal Reserve pausing interest rate cuts will rise by mid-next year. The unemployment rate remains low, combined with inflation being hindered from declining, the Federal Reserve may have 2 to 3 more interest rate cuts next year, and may pause interest rate cuts in the second half of the year. In a low probability scenario, overly aggressive tariffs and immigration policies could lead to a decline in U.S. stocks and a significant downturn in the U.S. economy, which could result in more interest rate cuts next year. (Jinshi)