DBS Bank: The market may have overestimated the Fed, and a 25 basis point rate cut is more likely

Odaily Odaily News: Carie Li, Hong Kong global strategist at DBS Bank Hong Kong Limited, said that there is a risk that the market may overestimate the Fed's interest rate cut. Therefore, global stock markets may trade in a range with some adjustments. A 25 basis point interest rate cut is more likely. There is another risk that the market is a bit like self-reinforcement. When companies start to worry about the economic outlook, they will start to increase layoffs, making consumers feel that the outlook for the labor market has become worrying, thereby reducing spending, thereby accelerating the economic slowdown. (Jinshi)