The Federal Reserve cuts interest rates, a summary of various viewpoints
Following the passage of the Federal Reserve's decision to cut interest rates by 50bp at its September 2024 meeting, various viewpoints have been summarized:
1. Fed Chairman Powell: Will choose to speed up or slow down the pace of rate cuts based on actual market conditions;
2. Trump: The Fed's rate cut indicates that the U.S. economy is "very bad";
3. U.S. Vice President Harris: It's good news for Americans under high price pressure;
4. Nationwide Chief Economist: The Fed will continue to cut rates quickly;
5. "New Bond King" Gundlach: Expects a 50 basis point rate cut in November, with another 75 basis points by year-end;
6. Global X Investment Strategy Director: A 50 basis point rate cut by the Fed may be too aggressive;
7. Standard Chartered Bank Executive: Stablecoins can mitigate negative impacts of Fed’s rate cuts on treasury bonds and currency market tokens;
8.U.S Senator Warren : Powell acted too late, further interest cuts are needed.
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.
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