CAPITAL MANAGEMENT: Powell unlikely to commit to rate cuts ahead of schedule
Federal Reserve Chairman Jerome Powell is unlikely to make any pre-commitment to a rate cut plan, other than giving some hints on the direction of the cut at today's press conference, Gordon Shannon, portfolio manager at TwentyFour Asset Management, said in a report. He said investors will have to wait longer to see the long-awaited rate cut. Given that the policies likely to be introduced by Republican candidate Donald Trump (if he wins the presidential election) will have a greater impact on inflation, we believe that the Fed will cut rates by a smaller amount over the next year than the 140 basis points that the market expects.
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.
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