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Currently, many analysts in the United States believe that the Fed will cut interest rates by 25 basis points this week and stop the balance sheet reduction.
In my personal opinion, a rate cut is highly likely, and considering the current situation of the Fed, it is very possible that even if it does not stop this week, it will stop in the next 1-2 meetings.
If it occurs or if Powell mentions it, it will greatly boost market sentiment; stopping the balance sheet reduction is the Fed's preparation for rapid interest rate cuts.