宏观策略专题：2024美国大选走势和市场影响

宏观策略专题 | 2024 年 7 月 18 日 Although the rate-cutting cycle will push interest rates down, the potential magnitude of rate declines is limited; moreover, there is a risk of a sharp rebound. Given the cooling US economy, we expect the Fed will embark on an easing cycle in September at which time the US dollar will begin to decline. However, the Fed is trying to manage medium-term inflation expectations. We expect the Fed will proceed with an easing cycle with greater caution, and interet rates could rebound onc ...