Shannon Saccoci: Fed's easing bias will remain, interest rates will be lower in the second half of next year

Shannon Saccoci, chief investment officer of the wealth management arm of private investment management firm Neuberger Berman, said in the latest memo that regardless of whether the Federal Reserve cuts interest rates this week, interest rates will eventually decline, driving the U.S. economy to re-accelerate and opening up room for risk assets. She pointed out that despite the market's expectations of whether the Federal Reserve will cut interest rates by 25 basis points on December 10, the Fed's overall easing policy inclination is constructive for the U.S. economy and risk markets. Saccoci stressed that while the risk of the timing and magnitude of the rate cut remains, it will not change the final destination: the federal funds rate will be lower and more accommodative in the second half of next year. (Golden Ten)