Société Générale: The Federal Reserve can avoid a deterioration in market confidence

ChainCatcher news, according to Jinshi reports, BNP Paribas analyst James Egelhof stated that even if the Federal Reserve cuts interest rates before reaching the 2% inflation target, it is still possible to avoid a deterioration in market confidence regarding its ability to curb rising prices.

He believes that the decline in market confidence is gradual, allowing Federal Reserve officials time to respond.

Additionally, he will monitor the demand for the dollar and the performance of 30-year U.S. Treasury bonds, as well as the trends of cryptocurrencies and gold, to assess market confidence in Federal Reserve policies.