Fidelity: Expects the Fed to Join the Rate Cut Ranks, Bullish on Japanese Stocks and Tech Stocks Long-Term Outlook

Fidelity International stated that it is expected that the Federal Reserve will join the rate cut camp, optimistic about the long-term outlook for Japanese stocks and technology stocks. Fidelity maintains a positive view on risky assets, bullish on stock investment prospects, and cautious on credit bonds. It is recommended to use global high-quality dividend strategies and US dollar high-quality bonds as the main core asset allocation to combat market volatility. At the same time, Fidelity pointed out that the Federal Reserve will maintain interest rates unchanged, but will continue to focus on the inflation target. The earliest discussion of a rate cut will be in the September rate meeting, but a 0.5% rate cut for the first time is not considered. Powell emphasized that the Fed's rate cut is not related to politics