Is the Fed's rate cut in September a "done deal" or "premature"? Institutions have differing opinions

The Federal Reserve announced after the interest rate meeting that it would maintain the interest rate unchanged. Chairman Powell indicated that it is possible to start a rate cut cycle as early as September. The market generally believes that there is a high chance of a rate cut by the Federal Reserve in September, but Hang Seng predicts that the rate cut in the U.S. this year will be limited, and Hong Kong dollar interest rates may remain relatively high in the second half of the year. Shang Bo Investment believes that the market's assumption of a rate cut in September is a misjudgment, emphasizing that if inflation data does not meet expectations, it may disrupt the rate cut plan. Fidelity International's macro and strategic asset team stated that the Federal Reserve, as expected by the market, maintained the interest rate unchanged for the 8th consecutive time, but due to clear progress in inflation and the labor market, it hinted at starting a rate cut cycle in September. Fidelity believes that the uncertainty surrounding the Federal Reserve's monetary policy this year has significantly decreased, and the policy direction in 2025 will depend on the results of the U.S. election and the future development of trade and fiscal policies. Fidelity recommends combining global high-quality dividend strategies with U.S. high-quality bonds as the main core asset allocation, and is optimistic about Japanese stocks and technology stocks