On December 11, the Federal Reserve is expected to cut its benchmark interest rate at its meeting this week, but this rate cut may have a hawkish tone. What does this mean? For JPMorgan traders, there are two key points to consider:
First, the dot plot shows that the Federal Reserve expects to cut interest rates only once next year;
Second, Federal Reserve Chairman Powell pointed out that concerns about inflation remain, and did not commit to further interest rate cuts. (Jinshi)
