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Analyst: Four rate cuts are expected next year after the new Fed chairman takes office.
On November 20, Infrastructure Capital analyst Jay Hatfield stated that unless employment data is very weak, the Fed is not expected to cut interest rates in December, but the data is completely contrary to his team's expectations. “We still expect the Fed to remain on hold in December. We are confident that inflation is gradually declining and that there will be four rate cuts next year after the new Fed chair takes office. Therefore, the yield on the ten-year Treasury should remain around 4%, which is Favourable Information for the stock market.” ( Jin10 )