Analyst: Market to see a wave of interest rate cuts in September

July 25 data from Golden Ten shows that although the stronger-than-expected second-quarter GDP data in the United States may alleviate some concerns about the economy, analysts pointed out that the core personal consumption expenditure price index (PCE) higher than expected at 2.9% may bring trouble to the Federal Reserve. Emma Wall of Hargreaves Lansdown said in a report: 'Although it is above the target, it is declining, coupled with strong economic rise data, which alleviates the pressure on the Fed to cut interest rates next week.' 'We expect the Fed, the European Central Bank, and the Bank of England to cut interest rates in September, which will be a wave of rate cuts. For investors following the U.S. stock market, we believe there are better value opportunities in small-cap stocks, despite the recent pullback of the 'seven magnificent stocks.'