BOCOM INTL: The Federal Reserve may only have one rate cut this year, and the possibility of not cutting rates still exists

BOCOM INTL released a research report indicating that the Federal Reserve may only cut interest rates once this year, and there is still a possibility of not cutting rates. The bank believes that the rate cut in September is a typical preventive measure, and the current space for rate cuts is limited. Although the market expects a rate cut in October and December, it should be viewed with caution. The resilience of the U.S. economy remains, with significant short-term inflationary risks. The labor market is slowing, but the risks are controllable, and the low unemployment rate reflects a weak supply-demand dynamic