Mitsubishi UF: Fed has not entered the sprint mode of interest rate cuts

According to ChainCatcher, according to Kingshin, Mitsubishi UFL's US macro strategy director George Goncalves said that the Fed's decision was the most dovish statement and added a rate cut in the dot chart expectation. He pointed out that the Fed did not enter the sprint mode of interest rate cuts, but restarted the rate cut process because the job market performed worse than expected. This is also the reason why risky assets respond in a dull manner. The Fed may drop 25 basis points in October and December, with a 50 basis point cut that may not necessarily benefit credit.