Famous Wall Street bear Peter Berezin expects the Federal Reserve to accelerate interest rate cuts in the second half of 2026.

According to Odaily, renowned Wall Street bear Peter Berezin stated that at the beginning of 2026, as investors shift from technology stocks to non-technology stocks and from growth stocks to value stocks, the decline in the stock market may still be limited. He expects that this series of factors will ultimately lead to the S&P 500 closing at 5,280 points in 2026, representing a 23% drop for the year, while the Nasdaq Composite Index will fall by 31%. In addition, as the US dollar weakens, the Japanese yen will appreciate significantly, with the USD/JPY exchange rate expected to reach 115 by year-end. Gold prices will hit new historical highs. Growing concerns about a US economic recession will prompt the Federal Reserve to accelerate interest rate cuts in the second half of 2026. By December 2026, the federal funds rate will drop to 2.25%, and the 10-year US Treasury yield will fall to 3.1%. (Golden Ten Data)