摩根大通策略师：美联储降息不太可能扭转经济放缓局面

Core Viewpoint - Morgan Stanley's Chief Market Strategist David Kelly observes signs of a gradual slowdown in the US economy, which is expected to put pressure on cyclical sectors such as manufacturing and retail [1] Economic Impact - A reduction in the benchmark interest rate is unlikely to reverse the current economic situation [1] - Kelly suggests that if stock market investors believe that rate cuts will benefit the overall direction and profitability of the economy, they are misunderstanding the situation [1] Market Sentiment - When the Federal Reserve lowers interest rates, it reduces interest income and leads to a belief that further rate cuts are forthcoming, causing individuals to delay borrowing [1] - This situation fosters a perception that the Federal Reserve is fearful of an economic recession, which in turn instills fear of recession among the public [1]