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Opinion: Aggressive rate cuts may damage Fed's reputation, this meeting expected to reiterate patience
Summary: According to sources, Benoit Anne, Managing Director of MFS Investment Management, stated that the Fed is currently in a lagging state. While many believe there will be more rate cuts in the future, the timing is still unclear, he said. He pointed out that the ongoing controversy surrounding political interference and the Fed's independence is ...
According to sources, Benoit Anne, Managing Director of MFS Investment Management, stated that the Fed is currently in a lagging state. While many believe there will be more rate cuts in the future, the timing is still unclear, he said. He pointed out that the ongoing controversy surrounding political interference and the Fed's independence is causing serious disruptions to the decision-making environment. He warned that if the Fed were to abruptly implement aggressive rate cuts in the coming months, it could pose a reputation risk. Therefore, it is expected that the Fed will emphasize its patient stance at the FOMC meeting, reaffirming its cautious decision-making approach.
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Link: Opinion: Aggressive rate cuts may damage Fed's reputation, this meeting expected to reiterate patience [Copy]
