Emilie Herbo, an assistant analyst at the Bank of Denmark, said in a report that the bank's analysts confirmed their forecast for the Federal Reserve's policy path, and it is expected that the last two interest rate cuts will be carried out in March and June next year. She said that the Bank of Denmark and the market had previously anticipated that Federal Reserve Chairman Jerome Powell would refute the market's expectations of further interest rate cuts in 2026. However, she said Powell avoided providing strong forward-looking guidance, causing US Treasury yields to fall during her press conference. According to data from the London Stock Exchange Group, after the Federal Reserve cut interest rates by 25 basis points on Wednesday and Powell held a press conference, the money market reflected a 20% chance of cutting interest rates by another 25 basis points in January.

Emilie Herbo, an assistant analyst at the Bank of Denmark, said in a report that the bank's analysts confirmed their forecast for the Federal Reserve's policy path, and it is expected that the last two interest rate cuts will be carried out in March and June next year. She said that the Bank of Denmark and the market had previously anticipated that Federal Reserve Chairman Jerome Powell would refute the market's expectations of further interest rate cuts in 2026. However, she said Powell avoided providing strong forward-looking guidance, causing US Treasury yields to fall during her press conference. According to data from the London Stock Exchange Group, after the Federal Reserve cut interest rates by 25 basis points on Wednesday and Powell held a press conference, the money market reflected a 20% chance of cutting interest rates by another 25 basis points in January.