Institutions: Wall Street expects the Federal Reserve to adopt a "hawkish rate cut".
Federal Reserve is expected to cut the benchmark interest rate at this week's meeting, but this rate cut may have a "hawkish" tone. What does this mean? For JPMorgan traders, two points need to be noted: first, the dot plot shows that the Federal Reserve expects to cut rates only once next year; second, Federal Reserve Chairman Powell pointed out that inflation concerns still exist and did not commit to subsequent rate cuts.
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