摩根大通策略师警告即使美联储降息 美股或仍面临风险

Core Viewpoint - Morgan Stanley strategists suggest that U.S. stocks may still face pressure even if the Federal Reserve cuts interest rates amid an economic slowdown [1] Group 1: Scenarios of Interest Rate Cuts - The stock market may encounter three scenarios depending on the triggers for interest rate cuts [1] - The first scenario involves the Fed cutting rates in response to a "significant" slowdown in economic activity, where investors hope for a positive market reaction, but the strategists express skepticism [1] - The second scenario is a rate cut in a context where tariffs have no impact on inflation and economic activity remains resilient, which would be the "most favorable" for the stock market [1] - The third scenario involves the Fed cutting rates despite facing some inflation pressure, potentially under government pressure, which may appear positive but could undermine the Fed's credibility [1]