Market news: The Fed's dot plot may have been voted through at this time, and there may be 2 interest rate cuts this year

Odaily Odaily News: Sam Stovall, chief investment strategist at Cfra Research, said that inflation was unexpectedly low, causing futures prices to rise, while the 10-year Treasury yield fell sharply. This will ultimately benefit the Federal Reserve. At this point, the dot plot may have been voted through, and it is more likely that there will be two rate cuts in 2024 rather than one, but we still believe that we will cut interest rates by 25 basis points each quarter by mid-2026. The inflation data allows investors to be more optimistic about the possibility of lower interest rates at the end of the year. Risk assets have therefore risen sharply, and growth sectors will also perform strongly within an hour after the market opens. (Jinshi)