Charles Schwab Hong Kong Financial Advisor: The Federal Reserve is expected to cut interest rates two to three times in the second half of this year

In a recent report, Jason Lam, a wealth advisor at Jiaxin Wealth Management in Hong Kong, said that he expects the Federal Reserve to have the opportunity to start cutting interest rates in the second half of this year, possibly two to three times. He continues to favor financial, energy, and material stocks benefiting from a high-interest environment. He believes that traditional investment products such as stocks and bonds will not be replaced by virtual currencies at this time.