Analysts predict four rate cuts next year after the new Federal Reserve chairman takes office.

Odaily Planet Daily reports that Infrastructure Capital analyst Jay Hatfield stated that unless the employment data is very weak, he did not expect the Federal Reserve to cut interest rates in December, but the data completely contradicted his team's expectations. "We still expect the Fed to hold rates steady in December. We are confident that inflation is gradually declining and that there will be four rate cuts next year after the new Fed chairman takes office. Therefore, the 10-year Treasury yield should remain around 4%, which is positive for the stock market." (Jinshi)