Institution: Despite the market fluctuation, the Federal Reserve is unlikely to cut interest rates urgently.

Jins data on August 6th, Björn Jesch, Chief Investment Officer of DWS Global, said that despite recent market turmoil, the Fed may continue its anticipated policy path. In a report, he said that the Fed is unlikely to react driven by panic, and he expects the Central Bank to try to avoid signaling a major policy shift, such as cutting interest rates by 50 basis points or emergency rate cuts between two meetings. He expects the Fed to adhere to a gradual easing approach, starting in September, and gradually cut interest rates by 25 basis points in the coming months. The possibility of a recession in the U.S. economy cannot be ruled out, but considering the overall strength of the economy and the robust balance sheets of the private sector, even if a recession does occur, it may be mild. DWS does not believe that a Bear Market is imminent, but will closely follow indicators reflecting systemic risks.