Shenwan Hongyuan: The market still expects the Federal Reserve to cut interest rates twice in 2026.
A research report from Shenwan Hongyuan Securities stated that on January 30th, Beijing time, Trump nominated Warsh as the next Federal Reserve Chairman, causing significant volatility in the financial markets. However, in terms of interest rate cut expectations, the Warsh nomination and the January FOMC meeting did not have a major impact, with the market still expecting two Fed rate cuts in 2026. (Jinshi)
