Charles Schwab: The Fed is expected to cut interest rates two to three times in the second half of this year

BlockBeats news, on May 6, Charles Schwab Hong Kong financial consultant Lin Changjie said that the United States may be in a rolling recovery process, and the performance of U.S. stocks is still flexible. It is expected that the Federal Reserve will have the opportunity to start cutting interest rates twice in the second half of this year. To the third time, we continue to be optimistic about the financial, energy and materials U.S. stock sectors that benefit from the high interest rate environment. Earlier, the price of Bitcoin continued to hit new highs, and even once overtook silver to become the eighth largest asset in the world. Lin Changjie pointed out that Bitcoin is a new investment product and is believed to attract a group of investors. However, its supervision is not yet complete, the overall transaction transparency is not high, and investor protection is less. At this time, it is believed that Bitcoin will not replace stocks, bonds, etc. The status of traditional investment products. He continued that virtual currency prices are highly volatile and risky, and investors should make investment allocations based on their own risk tolerance. Therefore, it is not recommended that ordinary investors treat such assets as long-term deployments, but only use them for speculation. tool. He also said that although the first batch of virtual asset spot ETF products in Hong Kong have been launched, the company currently does not provide customers with specific relevant investment advice and investment plans, but can provide customers with relevant news and information if they need it.