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 & block trade
Convert crypto with one click and zero fees
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
Bank of America: Fed rate cuts aim to protect jobs, next two cuts expected

Bank of America: Fed rate cuts aim to protect jobs, next two cuts expected

Bitget2024/09/18 21:58

Tom Hainlin, senior investment strategist at Bank of America, said we don't have a particular view on whether to cut rates by 25 basis points or 50 basis points. So wouldn't say we'd necessarily be surprised. Looking ahead, at least two more rate cuts should be expected between now and the end of the year. With inflation starting to get closer and closer to target, it's not surprising that Powell is focusing on the employment side of the mission, where he's concerned about potential downside risks in the labour market. There are signs that the labour market may be weaker than the data suggests. So this seems to us to be a kind of insurance policy relative to the labour market to prevent unemployment from rising and to keep the economy running well.

0

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!