Wall Street expects the Federal Reserve to adopt a "hawkish rate cut" strategy
According to ChainCatcher, citing Golden Ten Data, the Federal Reserve is expected to lower its benchmark interest rate at this week's meeting, but this rate cut may have a "hawkish" tone. JPMorgan traders pointed out that, firstly, the dot plot shows the Fed expects only one rate cut next year; secondly, Fed Chair Powell emphasized that concerns about inflation still exist and did not commit to further rate cuts.
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