Shannon Saccoci: The Fed's dovish stance will remain, and interest rates will be lower in the second half of next year.

According to ChainCatcher, citing Jinshi, Shannon Saccoci, Chief Investment Officer of Neuberger Berman Wealth Management, stated in a recent memo that regardless of whether the Federal Reserve cuts rates this week, interest rates will eventually decline, driving the US economy to accelerate again and opening up room for risk assets to rise. She pointed out that although market expectations for a 25 basis point rate cut by the Fed on December 10th have fluctuated wildly, the Fed's overall accommodative policy stance is constructive for the US economy and risk markets. Saccoci emphasized that while risks regarding the timing and magnitude of rate cuts remain, this will not change the ultimate goal: a lower and more accommodative federal funds rate in the second half of next year.