JPMorgan: U.S. Rate Cut Expectations Support Emerging Market Assets

ChainCatcher news, according to Jinshi reports, Morgan Stanley Asset Management strategist Kerry Craig stated that a rate cut in the United States could support emerging market assets, noting that the Federal Reserve's 25 basis point rate cut aligns with market expectations. He believes that a reduction in interest rates means the dollar may weaken, which is expected to boost the performance of stocks and local currency debt in emerging market assets. Additionally, the reduced risk of a U.S. economic recession also means that the credit market will continue to receive good support.