Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Analyst: The Federal Reserve should urgently cut interest rates now

Analyst: The Federal Reserve should urgently cut interest rates now

Bitget2024/08/05 12:48

Nigel Green of the deVere Group said in a report that if the Federal Reserve does not cut interest rates soon and waits until its next meeting in September, it would be a dereliction of duty. The unexpected rise in U.S. unemployment last Friday was the underlying reason for pressure on stock index futures, the dollar, and U.S. bond yields to fall. Green is calling for an immediate 25 basis point rate cut, while other analysts are suggesting an emergency rate cut of up to 75 basis points to avoid economic recession. The Fed "needs to take action now... otherwise there may be far-reaching risks of a hard landing."

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!