CICC: Walsh's nomination has limited impact on the rate cut path, and the pressure on the US dollar to depreciate may ease

According to Golden Ten Data, a research report from CICC stated that in the short term, Walsh's nomination has limited impact on the rate cut path, but it may lead to a revision of expectations regarding US dollar liquidity, and the depreciation pressure on the US dollar may temporarily ease. In the medium term, Walsh's proposals face constraints from within the Federal Reserve, capital markets, and fiscal policy, so it remains uncertain whether they will ultimately succeed. Investors should be proactive and make preparations in advance.