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The US Federal Reserve is likely to deliver a 'hawkish' 25 basis points rate cut, balancing inflationary concerns with its employment mandate, according to Marc Franklin, Deputy Head of Multi-Asset Solutions for Asia at Manulife Investments. In an interview with CNBC TV18, Franklin suggested that the market's expectation for a dovish pivot might be tempered by the central bank's forward guidance.

Franklin anticipates that Fed Chair Jerome Powell will underscore a data-dependent approach, signalling that the rate cut cycle will not be on 'autopilot' and will be decided on a meeting-by-meeting basis. "You might see the dot plot remove a cut from next year," he noted. The larger challenge for the

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