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Minsheng Macro: The Fed still has room to cut interest rates, and the pace may be ahead
Jinshi data, December 19 news, Minsheng macro research report that the "threshold" for the Fed's rate cut has increased, and the next rate cut may need to see inflation return. There may be 2-3 rate cuts throughout the year, and the pace may be ahead. In the second half of the year, the Fed will enter a turning point of "wait and see": waiting for the further transmission of the impact of Trump's policy "combination punch" on economic data. As the impact of tariffs and tightening immigration on the demand side becomes apparent, there is a possibility of further rate cuts in 2026.








