Golden Finance reported that BNP Paribas expects that the Federal Reserve will adopt a hawkish interest rate cut policy, and that the bank may "open the door to suspend further interest rate cuts, but the length of time (the suspension of interest rate cuts) is undetermined." In addition, Jim Baird, chief investment officer of Plante Moran Financial Advisors, said that any factors that lead the market to expect that the Fed may cut interest rates more slowly than investors expect may bring a little downside to the stock market.