Aggressive rate cuts could damage the Fed's reputation, and the Fed is expected to reiterate its "patience" stance at this meeting.
21hours ago
According to Odaily Planet Daily, Benoit Anne, Managing Director of MFS Investment Management, stated that the Federal Reserve is currently lagging behind. "We all believe there will be more rate cuts in the future, but the exact timing is unclear," he said. He noted that the ongoing controversy surrounding political interference and the independence of the Federal Reserve has seriously disrupted the decision-making environment. He warned, "If the Federal Reserve rashly adopts aggressive rate cuts in the coming months, it could pose certain reputational risks." Given this, the Federal Reserve is expected to emphasize its "patient" stance at the FOMC meeting and reiterate its cautious approach to decision-making. (Jinshi)
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