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Strategist: The next Fed chairman is dovish, and the market is optimistic about the downtrend in the Intrerest Rate.

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[Strategist: The next Fed chair is dovish, and the market is optimistic about the downtrend in interest rates] Murphy & Sylvest market strategist Paul Nolte stated: “At the last Fed meeting, Powell was basically saying that due to a lack of economic data, the Fed will remain on hold at the next meeting. Then several Fed officials spoke, and our stance shifted from 'no action in December' to 'we need to cut rates in December because we are seeing serious weakness in the labor market.'” “We already know who the next Fed chair might be, and he is dovish,” Nolte added: “Therefore, I think the market feels very good about the downtrend in interest rates for all of 2026.” ( Jin10 )

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