PAnews reported on August 24 that according to Jinshi, Galaxy Securities Research Report stated that considering that the US consumption in the second half of 2024 will not stall significantly under the support of wages and other income, investment will still be suppressed by high interest rates, fiscal expansion will continue to support the economy, and the overall unemployment rate will continue to rise, the Federal Reserve will cut interest rates 2 to 3 times, with a cumulative total of 50-75 basis points. It is appropriate, and the difference in the actual impact of two or three interest rate cuts on the economy is limited. At the same time, there is no need for a single interest rate cut of 50BP under the economic resilience this year, and market expectations are still slightly optimistic. As the Federal Reserve shifts its focus to the labor market, and the unemployment rate rises further while the economy remains resilient in the short term, the market may continue to focus on "interest rate cut trading", and the weakening of labor data and investment data may lead to periodic interspersed decay transactions, and the short-term downward trend of US Treasury yields and the US dollar index continues to be supported.
