$BTC
September 17 news, according to Jinshi, lowering short-term interest rates from high levels is like moving a piano downstairs. This operation requires caution and is best done step by step. This is the figurative metaphor used by David Kelly, chief global strategist at JPMorgan Chase, for the Fed's decision this week in his latest report. The policy path will be conveyed to the market through the economic forecast summary, the FOMC statement, Powell's press conference, and the much-watched "dot plot". Therefore, Kelly deduced these key links to explore the possible direction of short-term interest rates. Kelly pointed out that one of the biggest risks facing the economy and the market at present is that the Fed may act too aggressively or speak too negatively, which will increase the risk of the economy falling into recession. But he believes that the Fed has the ability to avoid this situation. He predicted the Fed would cut rates by 25 basis points rather than 50 basis points, and in the process highlight achievements in controlling inflation rather than concerns about economic growth.
