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CITIC Securities: Expect no further interest rate cuts during Powell's term
GateNewsBot
ChainCatcher news reports that according to a report from China Securities, it is expected that Powell will not 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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