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JPM Asset Mgmt's Tai Hui Foresees US to Have Room for 2-3 Rate Cuts Next Yr
2025-09-18 15:11:19 The US Fed announced a 0.25% rate cut to bring the policy rate down to 4-4.25% as expected by the market, said Tai Hui, Chief Market Strategist for Asia Pacific at JPMorgan Asset Management. The interest rate meeting this time, however, showed a shift of the Fed's focus from concerns in July about tariff policies pressuring inflation levels to the current weakness in the labor market. In Hui's estimate, another 0.25% rate cut in the October and December meetings this year appear reasonable, and there will be room for 2-3 rate cuts next year, with US interest rates expected to continue a downtrend over the next 12-18 months, totaling a rate reduction of about 1-1.5%, bringing the long-term terminal policy rate down to around 3%. ~ AAStocks Financial News Web Site: www.aastocks.com | |