State Street: Global economic soft landing will continue next year, expected Fed to cut interest rates once more next month

ChainCatcher news, on the 20th, Hong Yixin, President and CEO of State Street Global Advisors, attended the International Financial Leaders Investment Summit and stated that this year the global stock market has recorded growth, inflation is slowing down, and central banks around the world are cutting interest rates. Therefore, looking ahead to 2025, the global economy is expected to continue its soft landing, and there is optimism about global economic growth.

In addition, she expects that the profits of American technology companies will continue to rise. Although U.S. stocks are currently recording growth, there is still room for further increases in the future, so she is very optimistic about the U.S. stock market; she is also optimistic about European and emerging market stocks, as a weaker dollar is a favorable factor for emerging markets. At the same time, she anticipates that the Federal Reserve will cut interest rates again next month, but will lower its forecast for the number of rate cuts in 2025 to three times, with rates possibly dropping to 3.75% by the end of next year.