CITIC Securities: It is expected that there will be no more interest rate cuts during Powell's term

According to Jinshi News, a research report from CITIC Securities indicates that no further rate cuts are expected during Powell's term. The institution believes that under Walsh's chairmanship at the Federal Reserve, the baseline scenario for the second half of the year will involve 1 to 2 rate cuts, each by 25 basis points.

Walsh will not significantly cut rates in response to Trump's demands, still basing decisions primarily on economic fundamentals and paying attention to inflation risks, but he is not entirely hawkish.