Vanguard: The Fed's rate cuts may be smaller than Wall Street expects

According to ChainCatcher, citing Jinse Finance, global asset management giant Vanguard stated that due to the surge in large-scale capital expenditures in the field of artificial intelligence driving sustained economic growth, the Federal Reserve's rate cuts are expected to be much lower than the current general expectations on Wall Street. Sara Devereux, head of fixed income, expects the Federal Reserve may cut rates once or twice more next year, a forecast that stands in stark contrast to the market's general bet of three to four rate cuts by the end of 2026.