Baosheng Group: The Federal Reserve (FED) is unlikely to cut interest rates soon.

Jin10 data reported on June 19th that David A. Meier, an analyst at Baosheng Group, commented that the Federal Reserve is unlikely to cut interest rates anytime soon. Meier stated that the decision to maintain the federal funds rate target range at 4.25% to 4.5% was widely anticipated by the market. He said, "We believe that our expectation for the Federal Reserve to remain on hold for the summer months has been confirmed." However, he added, "Once the upcoming economic data shows weakness, the Federal Reserve could still cut interest rates by 50 basis points at the meetings in September and October, quickly reversing its restrictive policy stance."