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

Deep Tide TechFlow News, February 12 — CITIC Securities research report states that it still expects no interest rate cuts during Powell’s term. It believes that after Waller becomes Federal Reserve Chair, the benchmark rate will be cut 1 to 2 times by 25 basis points in the second half of the year. Waller will not significantly cut rates as Trump requested and will continue to base decisions primarily on economic fundamentals. Waller is concerned about inflation risks but is not an outright hawk. The benchmark rate is expected to be cut 1 to 2 times in the second half, mainly depending on inflation trends. (Jin10)

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