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        The Fed is expected to cut interest rates for the last time this week


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Switzerland's Baida asset management said Monday it expects the Federal Reserve to cut interest rates this week, but it is likely to return to the path of interest rate reduction next year as economic data will remain weak.
The following is the full text of Luca Paolini, chief strategist of Baida asset management:
**Federal Reserve**
We expect the fed to cut rates this week for the last time this year. But we think there is an opportunity to cut interest rates again next year as economic data will remain weak.
The market has largely reflected interest rate cut expectations. The central bank's release of funds is not enough to drive the stock market. The market needs more other impetus.
* * China * *
The slowdown in the US and Germany hit market confidence. In contrast, China's slow and stable way to control the downward economy has become an element of market stability. For global investors, China is not the main source of risk.
The market has also gradually adapted to the coming and returning trade disputes between China and the United States. The market is also aware that disputes will continue, but will not seriously affect the macro-economy.


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