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Xin'an Fund Management: The Fed is expected to cut interest rates in December, but subsequent actions may slow down.
On December 6th, according to the Jinshi data, Sima Shah, the chief global strategist of Xin'an Asset Management Company, said that there are some cracks in the labor market that need to be followed by the Fed. At the same time, due to the strong rise in average wages, the Fed has to be very cautious in lowering interest rates. The rate cut in December is imminent, but by early 2025, the Fed may slow down the pace of rate cuts in subsequent meetings.