Senior Wall Street strategist: Inflation will not disappear, and the Fed is not expected to cut interest rates significantly

Odaily Planet Daily Report According to Brian, the long-term strategist and head of Wind Shift Capital Advisors, he expects the stock market to experience turbulence in the next 12 months. This is because the Federal Reserve will not lower interest rates to very low levels as the market expects, and borrowing costs are likely to rise from now on. This may suppress lending, slow down investment, and cause the US and global stock markets to fall by 7%-12%. "I believe the crisis we face is that when interest rates start to rise, the government will not be able to continue to stimulate the economy in a rising interest rate environment, because they have lost the support of the market," Brian said. Brian's forecast may be counterintuitive to investors who have been pricing in a significant rate cut by the Federal Reserve. However, he said the US economy faces too much inflationary pressure in the medium term, so the Federal Reserve cannot be guaranteed to adopt aggressive easing policies. (Jin Shi)