Baosheng Group: Weak US economic data will cause the Fed to cut interest rates continuously

Odaily Planet Daily News Baosheng Group analyst David Kohl said in a report that the Fed lowered interest rates by 25 basis points, while recent weak U.S. economic data means the Fed may continue to cut interest rates at each meeting until March 2026. The chief economist pointed out that this will shift U.S. monetary policy from its current restrictive position to a neutral position. He said: "We expect the US economy to maintain a balanced growth trend in the next few months, which provides a reasonable basis for the gradual transition of monetary policy from restrictive to neutral stance." (Jin Shi)