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

According to Jinshi reports, Shannon Saccoci, Chief Investment Officer of the Wealth Management division at private investment management firm Neuberger Berman, stated in a recent memo that regardless of whether the Federal Reserve cuts interest rates this week, rates will eventually decline, driving the U.S. economy to accelerate again and opening up space for risk assets to rise. She pointed out that although market expectations for a 25 basis point rate cut by the Federal Reserve on December 10 have fluctuated dramatically, the overall accommodative policy stance of the Federal Reserve is constructive for the U.S. economy and risk markets. Saccoci emphasized that while risks regarding the timing and magnitude of rate cuts still exist, this will not change the ultimate destination: the federal funds rate will be lower and more accommodative in the second half of next year.