“沃什可能被提名为美联储主席”市场反应汇总：降息速度可能会放缓

Odaily Planet Daily News Summary: Market reactions to the potential nomination of Waller as Federal Reserve Chair:

1. Mizuho Securities: If Waller is elected, the market will feel sustained downward pressure on interest rates. The market has misjudged the speed of rate cuts, expecting the Fed to cut rates more slowly than market expectations or hopes.

2. Wilson Asset Management: Waller’s inclination to cut rates conditioned on balance sheet reduction may trigger market panic over liquidity tightening, leading to sell-offs in hedging assets such as gold, cryptocurrencies, and bonds.

3. National Australia Bank: Waller’s election will reinforce expectations that the “Federal Reserve’s independence will be protected,” indicating that the Fed will not become a pawn of Trump or any other president’s will, and will not be arbitrarily influenced.

4. TD Securities: If Waller is smoothly elected as the next Fed Chair, the US Treasury yield curve is expected to steepen. However, any market reaction will be short-lived, as the new Chair will need to persuade other members of the committee.

5. Commonwealth Bank of Australia: The market is quite familiar with Waller, which will to some extent stabilize sentiment. He is more like a “steady and reliable operator” rather than someone who makes bold, sweeping changes and resets everything.

6. Carson Group: Waller has always been hawkish. If he enters the Fed with a strong rate-cutting stance, it may not be very credible within the Fed. We might even face a deeply divided Fed that does not cut rates at all.

7. L&G Asset Management: No matter who Trump nominates, they will be more dovish than Powell. Although the market has already priced in expectations of future rate cuts and a weaker dollar, long-term interest rates may rise due to increased risk premiums, warning of a “buy the rumor, sell the fact” reversal scenario. (Jin10)