Agency: Expected Fed rate cuts may not continue

Odaily News Fund management company Navellier said that this expected Fed rate cut may be the last one because the Fed does not like to go against market interest rates. Bond investors have predicted Trump's victory in the past few weeks, and the 10-year Treasury yield has continued to soar after the election. In the past few weeks, these bond yields have risen by more than 80 basis points. Economist Ed Yardeni is now calling on the Fed to pause its actions, so Thursday's FOMC statement and Fed Chairman Powell's press conference will be closely watched. (Jinshi)