TechFlow, Nov. 20 — According to Jinshi Data, Infrastructure Capital analyst Jay Hatfield said that unless employment data is extremely weak, the Fed is not expected to cut rates in December, but the data completely contradicts his team's expectations. "We still expect the Fed to hold steady in December. We are confident that inflation is gradually declining and anticipate four rate cuts next year after the new Fed chair takes office. Therefore, the 10-year Treasury yield should remain around 4%, which is positive for the stock market."
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