French-Pakistan Bank: Fed can avoid deterioration in market confidence

According to ChainCatcher, according to Kingsen, BNP Paribas analyst James Egelhof said that even if the Fed cut interest rates before the inflation rate reaches its 2% target, it is still possible to avoid a deterioration in market confidence in its ability to curb price increases. He believes that the decline in market confidence is gradual, leaving time for Fed officials to respond. Additionally, he will monitor the performance of dollar demand and 30-year U.S. Treasury bonds, as well as cryptocurrencies and gold, to assess market confidence in Fed policy.