[Shenwan Hongyuan: The market still expects the Federal Reserve to cut rates twice in 2026] Jin10 Data reported on February 1 that a research report by Shenwan Hongyuan stated that on January 30 (Beijing time), Trump nominated Waller as the next Federal Reserve Chair, causing significant fluctuations in financial markets. However, in terms of rate cut expectations, the Waller nomination event and the January Federal Reserve FOMC meeting had little impact, and the market still expects the Federal Reserve to cut rates twice in 2026.