Zheshang Securities: There is a possibility of a Fed rate cut rebound, attention should be paid to balance sheet reduction risks

ChainCatcher news, according to Golden Ten Data, the macro research team of Zheshang Securities stated that the Federal Reserve cut interest rates by 25 basis points as expected this month, and the dot plot indicates that there will be two more consecutive rate cuts in the remaining two meetings this year. Powell pointed out that this rate cut is a "risk management" cut. Although the dot plot suggests there is still room for rate cuts this year, Zheshang Securities believes that the expectation of monetary easing may still be subject to reversal, mainly due to changes in the core momentum of the US economy and the stability of the unemployment rate.