BlackRock Think Tank: Expects the Fed to cut interest rates twice this year, with significant limitations on the extent of rate cuts due to large AI investments in the United States

BlackRock Institute predicts that the Federal Reserve may cut interest rates twice this year. However, due to the significant initial investment in artificial intelligence, the extent of rate cuts will be limited. Pang Wenbo advises investors not to overly rely on central bank rate cuts, but to look for high-quality stocks with profitability and cash flow. He also stated that regardless of when the Federal Reserve cuts rates, terminal interest rates will remain relatively high in the coming years, urging investors to focus on the actual economic fundamentals. Pang Wenbo prefers the Japanese and Indian markets, believing that Chinese stocks will remain volatile in the second half of the year