Jay Hatfield: The new Federal Reserve chairman will implement four rate cuts after taking office next year

According to Jin Ten, Infrastructure Capital analyst Jay Hatfield stated that the Federal Reserve is not expected to cut interest rates in December unless the employment data is very weak. He pointed out that the team still expects the Federal Reserve to remain steady in December and is confident about the gradual decline in inflation. He anticipates four rate cuts next year after the new Federal Reserve chair takes office, and the yield on the ten-year Treasury should remain around 4%, which is favorable for the stock market.