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Analysis: The market will usher in a wave of interest rate cuts in September

Analysis: The market will usher in a wave of interest rate cuts in September

CointimeCointime2024/07/26 01:04
By:Cointime

According to Jinse Finance, although the stronger-than-expected US second-quarter GDP data may alleviate some concerns about the economy, analysts point out that the core personal consumption expenditure price index (PCE) higher than expected at 2.9% may bring trouble to the Federal Reserve. Emma Wall of Hargreaves Lansdown said in a report, "Although this is above target, it is decreasing, and coupled with strong economic growth data, this reduces the pressure on the Federal Reserve to cut interest rates next week." "We expect the Federal Reserve, the European Central Bank, and the Bank of England to cut interest rates in September, which will be a wave of interest rate cuts. For investors who focus on the US stock market, we believe that there are better value small-cap stocks with opportunities, despite the recent pullback of the "fabulous seven stocks."

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