Shannon Saccoci: The Fed's accommodative bias will be maintained, and interest rates will be lower in the second half of next year

ChainCatcher news, according to Golden Ten, Shannon Saccoci, chief investment officer of the wealth management division of private investment management firm Neuberger Berman, said in the latest memo that regardless of whether the Fed cuts interest rates this week, interest rates will eventually fall, driving the US economy to accelerate again and opening up room for risk assets. She noted that while market expectations for a 25 basis point rate cut on December 10 have fluctuated sharply, the Fed’s overall policy bias is constructive for the U.S. economy and risk markets. Saccoci emphasized that while risks remain to the timing and magnitude of rate cuts, this does not change the final destination: the federal funds rate will be lower and looser in the second half of next year.