Minsheng Securities stated that the probability of the Federal Reserve of China and the United States suspending interest rate cuts next year is increasing. The unemployment rate remains low, coupled with the obstruction of downward inflation, the Federal Reserve may cut interest rates 2 to 3 times next year, and may suspend interest rate cuts in the second half of the year. In rare cases, excessive tariffs and immigration policies may lead to a decline in the US stock market and a significant economic downturn, so there may be more interest rate cuts next year. @west1