Analysts predict four rate cuts next year after the new Federal Reserve chairman takes office.

Infrastructure Capital analyst Jay Hatfield said he didn't expect the Federal Reserve to cut rates in December unless the jobs data was very weak, but the data completely contradicted his team's expectations. "We still expect the Fed to hold rates steady in December. We are confident that inflation is gradually declining and that there will be four rate cuts next year after the new Fed chairman takes office. Therefore, the 10-year Treasury yield should remain around 4%, which is good for the stock market." (Jinshi)