DWS expects the US economy to grow by 3.2% this year and 2.3% next year, with AI being a significant contributing factor to the economy. DWS Asia Pacific Chief Investment Officer Wu Shuangrong predicts that the Federal Reserve will cut interest rates twice before May next year, with the target range for the federal funds rate lowered to 3% to 3.25%. Wu Shuangrong explained that the Federal Reserve mainly focuses on inflation expectations and unemployment rates, oil prices have slowed down economic growth but the situation is controllable, and the market is concerned that AI will replace labor and reduce job vacancies. For the development of AI shares, Wu Shuangrong believes that the foam will not burst in the next 12 months, and will observe the valuation multiples, corporate earnings and balance sheet.
