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

ChainCatcher news reports that according to a report from China Securities Journal, CITIC Securities predicts that there will be no further interest rate cuts during Powell’s term. The firm 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 is unlikely to cut rates significantly 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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