TechFlow News, February 12: A research report from CITIC Securities stated that it still expects no further interest rate cuts during Powell’s tenure. It forecasts that, under Walsh’s chairmanship, the Federal Reserve will cut rates once or twice by 25 basis points in the second half of the year under its baseline scenario. Walsh will not slash rates substantially as demanded by Trump but will continue to base decisions primarily on economic fundamentals. While Walsh remains attentive to inflation risks, he is not an absolute hawk; the baseline scenario for rate cuts in the second half of the year—once or twice—hinges critically on the trajectory of inflation. (Jinshi)
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