AI becomes an economic engine, the pace of interest rate cuts is slower than expected, and the market's feared unemployment problem hasn't erupted yet.

CoinWorld News reports that DWS expects the U.S. economy to grow by 3.2% this year and 2.3% next year, with artificial intelligence 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, lowering the federal funds target range to 3% to 3.25%. Wu Shuangrong explains that the Federal Reserve mainly focuses on inflation expectations and unemployment rates, with oil prices slowing economic growth but remaining manageable, while market concerns center on artificial intelligence replacing labor and reducing job openings. Regarding the development of AI stocks, Wu Shuangrong believes there will be no bubble burst in the next 12 months and will observe valuation multiples, corporate earnings, and balance sheets.