Wall Street expects the Federal Reserve to adopt a "hawkish rate cut" strategy

According to Jin Ten, the Federal Reserve is expected to lower the benchmark interest rate at this week's meeting, but this rate cut may have a "hawkish" tone. Traders at JPMorgan pointed out that, first, the dot plot shows that the Federal Reserve expects to cut rates only once next year; second, Federal Reserve Chairman Powell emphasized that concerns about inflation still exist and has not committed to further rate cuts.