US Fed Cuts Interest Rates by 50 Basis Points, Bank of America Predicts Further Cuts

According to Mars Finance, the US Federal Reserve announced a rate cut of 50 basis points. Bank of America expects the Fed to continue slashing rates, with a further 75 basis points cut this year and 125 basis points cut in 2025, aiming to shield the US economy from a recession. As rate cuts become reality, the credit sector, which has already absorbed expectations of an economic downturn, is expected to rebound from the low pricing environment. (Gold Ten)