The market still expects the Federal Reserve to cut interest rates twice in 2026, and the impact of the Walsh nomination is limited

According to Jinshi reports, Shenwan Hongyuan's research report stated that on January 30, Beijing time, Trump nominated Waller as the next Federal Reserve Chairman, causing significant fluctuations in the financial markets. However, the impact of Waller's nomination and the January FOMC meeting on interest rate cut expectations is not substantial, and the market still expects the Federal Reserve to cut rates twice in 2026.