[DWS: Expected Fed Rate Cuts Twice Before May Next Year] Golden Finance reported on June 24 that DWS anticipates the U.S. economy will grow by 3.2% this year and forecasts 2.3% growth for next year, with AI potentially being a significant contributing factor to the U.S. economy. DWS Asia-Pacific Chief Investment Officer Wu Shuangrong expects the Federal Reserve to cut interest rates twice before May next year, with the federal funds rate target range likely to drop to between 3% and 3.25%. She explained that the Fed primarily focuses on inflation expectations and unemployment rates. Oil prices have slowed economic growth but remain manageable. On the other hand, the market is concerned about whether AI might replace some labor, reducing potential job vacancies. Regarding the development of AI stocks, she believes there will be no bubble burst in the next 12 months but emphasized the need to continue monitoring various indicators, including valuation multiples, corporate earnings, and balance sheets.