Jay Hatfield: There will be four rate cuts next year after the new Federal Reserve Chair takes office

According to ChainCatcher, citing Golden Ten Data, Infrastructure Capital analyst Jay Hatfield stated that unless employment data is extremely weak, the Federal Reserve is not expected to cut rates in December. He pointed out that the team still expects the Federal Reserve to remain on hold in December and is confident that inflation will gradually decline. He anticipates that there will be four rate cuts next year after the new Federal Reserve Chair takes office, and that the 10-year Treasury yield should remain around 4%, which is positive for the stock market.