Wall Street expects the Federal Reserve to adopt a "hawkish rate cut" strategy
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According to ChainCatcher, citing Golden Ten Data, the Federal Reserve is expected to lower its benchmark interest rate at this week's meeting, but this rate cut may have a "hawkish" tone. JPMorgan traders pointed out that, firstly, the dot plot shows the Fed expects only one rate cut next year; secondly, Fed Chair Powell emphasized that concerns about inflation still exist and did not commit to further rate cuts.
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