PANews reported on December 15 that according to Jinshi, BNP Paribas expects the Federal Reserve to adopt a hawkish interest rate cut policy and the bank may "open the door to suspend further interest rate cuts, but the length of time (of the suspension of interest rate cuts) is undetermined."

Additionally, anything that leads the market to expect the Federal Reserve may cut interest rates more slowly than investors expect could provide a little downside for stocks, said Jim Baird, chief investment officer at Plante Moran Financial Advisors.