CICC: The Fed's hawkish rate cut expectations have reversed, and the next rate cut may be in March

According to Jinshi reports, the CICC research report states that the Federal Reserve is expected to cut interest rates by 25 basis points at the December meeting, but the number of officials opposing the rate cut has increased to two, indicating that the threshold for further rate cuts is rising. Powell's statements are not strong, and the Federal Reserve announced that it will initiate short-term Treasury bill purchase operations, easing market concerns. Looking ahead, it is expected that the Federal Reserve may continue to cut rates in 2026, with the next rate cut possibly in March.