CITIC Securities: The Fed is expected to pause rate cuts in January, leaving 25 bps of room for further rate cuts.

According to a report by Jinshi Finance, a research report from CITIC Securities predicts that the Federal Reserve will pause interest rate cuts in January, leaving room for a further 25 basis points of rate cuts during the remaining two policy meetings chaired by Powell. If Hassett becomes the new Fed chair, further rate cuts are expected in the second half of next year; if a candidate other than Hassett takes over the Fed, a pause in rate cuts is likely in the second half of next year.