According to ChainCatcher, citing Jinshi, the Federal Reserve is expected to cut benchmark interest rates at its meeting this week, but this rate cut may have a hawkish tone. JPMorgan traders pointed out that firstly, the dot plot shows the Fed expects only one rate cut next year; secondly, Fed Chairman Powell emphasized that inflation concerns remain and did not commit to further rate cuts.
Wall Street expects the Federal Reserve to adopt a "hawkish rate cut" strategy.
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