Viewpoint: The Federal Reserve will not cut rates as aggressively as previously expected next year

BlockBeats News, December 19, Bannockburn Global Forex Chief Market Strategist Marc Chandler stated, "My personal feeling is that the Federal Reserve is expected to take a strong position on rate cuts, that is, to cut rates, but the dot plot indicates that the subsequent rate cuts will be less than expected in September. Powell will also reiterate what he previously said about economic growth being stronger than expected."

Therefore, based on the dot plot and his hints, I believe the market concludes that the Federal Reserve will not cut rates as aggressively as they previously expected next year." (Jinshi)