Soochow Securities: The Fed is expected to cut interest rates by 25bps in December, and the expected guidance is more hawkish
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Odaily report: According to a research report by Soochow Securities, we expect the FOMC to cut interest rates by 25bps to [4.25, 4.5]% in December. The new dot plot may raise the 2025 policy rate guidance by 25-50bps, and Fed Chair Powell may give more hints about a pause in rate cuts in the press conference, weakening the market's expectation of a rate cut in January next year. Looking ahead, we expect the Fed to cut rates by 25bps in March and June 2025, but there is a risk of a pause in rate cuts in H2 2025. (Gold Ten)
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