Faba: Federal Reserve interest rate increase expected to restart to 4.0 per cent in December or one step

On 20 July, BNP Paribas maintained a neutral view of the global stock market, suggesting that investors should strengthen the multidimensional configuration. In the face of persistent US inflation and a slowdown in economic dynamism, the Agency adjusted its earlier expectation that the Fed would keep interest rates constant this year to expect a one-time to 4.0% increase in December. The Bank synchronized the upgrading of the Japanese stock market to “enrichment”, moving the stock markets of Europe, South Asia and South-East Asia to “neutral”, and stressed the importance of decentralization in response to market fluctuations in the second half of the year。