Institutions: Wall Street expects the Federal Reserve to adopt a "hawkish rate cut".
Federal Reserve is expected to cut the benchmark interest rate at this week's meeting, but this rate cut may have a "hawkish" tone. What does this mean? For JPMorgan traders, two points need to be noted: first, the dot plot shows that the Federal Reserve expects to cut rates only once next year; second, Federal Reserve Chairman Powell pointed out that inflation concerns still exist and did not commit to subsequent rate cuts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pamica Group adds Jan-Olof Svensson to board, expands directors to seven
Circle's Arc Blockchain is Launching Its First Tokenized Gold Asset

CaixaBank Raised to Buy From Neutral by UBS
