CITIC Securities: No Further Rate Cuts Expected During Powell's Term
According to ChainCatcher, citing a report from Golden Ten Data, CITIC Securities' research report indicates that it is expected there will be no further interest rate cuts during Powell's term. The institution believes that after Waller becomes the Federal Reserve Chairman, the baseline scenario for the second half of the year will be 1 to 2 rate cuts, each by 25 basis points. Waller will not make significant rate cuts as requested by Trump, and will still base decisions mainly on economic fundamentals while paying attention to inflation risks, but he is not considered an absolute hawk.
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