Fed Rate Cut, Opinions Summarized
Article is form Jinse
September 19, 2024
This article is translated by ChatGPT Show original
Gold Finance reported that the Federal Reserve's decision to cut interest rates by 50 basis points at its September 2024 meeting has sparked a range of reactions:
- Federal Reserve Chair Jerome Powell: Will adjust the pace of rate cuts based on actual market conditions.
- Donald Trump: The Fed's rate cut is a sign that the US "economy is very bad."
- Vice President Kamala Harris: This is good news for Americans facing high inflation.
- Nationwide Chief Economist: The Fed will continue to cut rates rapidly.
- "New Bond King" Jeffrey Gundlach: Predicts a 50-basis-point rate cut in November and another 75-basis-point cut by the end of the year.
- Global X Investment Strategy Head: A 50-basis-point rate cut may be too aggressive.
- Standard Chartered Bank Executive: Stablecoins could mitigate the negative impact of the Fed's rate cuts on government bonds and money market tokens.
- Senator Elizabeth Warren: Powell is acting too late and further rate cuts are needed.
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.