Shenwan Hongyuan: Market expects the Federal Reserve to cut interest rates twice in 2026

According to a research report by Shenwan Hongyuan, on January 30th (UTC+8), Trump nominated Walsh as the next chairman of the Federal Reserve, causing significant fluctuations in financial markets. However, the Walsh nomination event and the January Federal Reserve FOMC meeting have limited impact on expectations of interest rate cuts, and the market still expects the Fed to cut interest rates twice in 2026.