Institution: The market may have overestimated the likelihood of global interest rate cuts.

On June 17th, Jin10 Data reported that Sean Simko, the Head of Fixed Income Portfolio Management at SEI, stated in a report that the market has overestimated the possibility of central banks around the world cutting interest rates. He believes that the risks of the Federal Reserve and the Bank of England quickly starting rate cuts still exist. SEI is more convinced that rate cuts may be realized by the end of this year or may be postponed until 2025. Despite cracks appearing in the U.S. economy, it remains strong. Unless there is a change in the economic trajectory, the Federal Reserve 'should remain on the sidelines and cautious, letting the European Central Bank and the Bank of England take more rate-cutting policies first.'