Global Research China Equity Strategy Overview of A-share sector and style performance during Fed's rate cut cycles Fed resumes rate cut cycle The Fed announced a 25bp rate cut on 17 September, lowering the Fed fund rate target to 4.00-4.25%. This resumes the rate cut cycle after a nine-month pause since 19 December 2024. The UBS US macro team expects further 25bp/50bp cuts in October/ December as the unemployment data is likely to weaken over October-November. A-share sector and style performance during Fe ...