CITIC Securities: Expect no further interest rate cuts during Powell's term

Mars Finance reports that according to Jintou, CITIC Securities’ research report states that Powell is not expected to cut interest rates again during his term. The institution believes that after Waller becomes Federal Reserve Chair, the benchmark rate will be cut 1 to 2 times in the second half of the year, each by 25 basis points. Waller will not significantly cut rates as Trump requested, and will still base decisions primarily on economic fundamentals, paying attention to inflation risks, but he is not an outright hawk.

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