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2025-09-16 02:22:27
David Kelly, chief global strategist at Morgan Asset Management, warned that the Federal Reserve's interest rate cut could hurt the stock and bond markets. He said the market generally expects the Fed to cut interest rates this week. If the move is seen as political pressure and inconsistent with the central bank's economic forecast, it will increase the risks faced by stocks, bonds and the US dollar. He wrote in a report on Monday that Wall Street bond and stock investors have recently cheered on expectations that the Federal Reserve will resume interest rate cuts after a nine-month pause, but after the recent market surge, investors should adopt a cautious stance and seek diversified allocations.
