Macro strategist warns: The Federal Reserve should not cut interest rates this year at all!

Macro strategist warns that the Federal Reserve should not cut interest rates this year. BNP Paribas believes that a rate cut is unnecessary as the economy is still operating normally and is expected to rebound in the second half of the year. However, most analysts and investors expect the Fed to implement some degree of easing policy. They support this view due to encouraging declines in inflation and a cooling labor market. UBS analysts expect the Fed to cut rates at the September meeting. BNP Paribas believes that U.S. economic data will not maintain the current trend, and interest rates will remain high. They think that cutting rates in this environment is inappropriate. Jiaxin Wealth Management believes that the economic slowdown heralds a more severe recession on the horizon