The Fed's rate cut may be lower than expected, with the policy interest rate endpoint above 3.5%.

According to ChainCatcher news, as reported by Jin10, Franklin Templeton indicated that the US economy is growing steadily and consumer spending continues, but inflation concerns may cause the Fed to lower interest rates less than expected, with the expectation that the terminal policy interest rate may be above 3.5%, higher than the market's general expectation of around 3%. In addition, the health of US corporations is improving, with the default rate at low levels, still optimistic about the prospects for non-investment grade bonds.

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