PANews news on December 1st, according to Jin Ten reports, Minsheng Securities stated that the probability of the Federal Reserve pausing interest rate cuts in the middle of next year is increasing. The unemployment rate remains low, and with inflation facing downward pressure, the Federal Reserve may cut interest rates 2 to 3 more times next year, with a pause in the second half of the year. In a low probability scenario, excessive tariffs and immigration policies may lead to declines in the US stock market and a significant slowdown in the US economy, which could result in more interest rate cuts next year.