Zheshang Securities: There is a possibility of a reversal of the Fed's interest rate cut, and attention should be paid to the risk of balance sheet reduction

CoinVoice recently learned that according to Jinshi, the macroeconomic research team of Zheshang Securities stated that the Federal Reserve cut interest rates by 25 basis points this month as expected, and the dot plot predicts two consecutive rate cuts at the remaining two meetings this year. Powell described the rate cut as a "risk management" measure. Although the dot plot indicates that there is still room for rate cuts this year, Zheshang Securities believes that there is still a possibility of a reversal in easing expectations, mainly due to changes in the core momentum of the US economy and the stable unemployment rate.