"The Big Short" Protagonist Eisman: The Federal Reserve Will Cut Rates by a Maximum Total of 100 Basis Points
Jinse Finance reported that Steve Eisman, who rose to fame for accurately predicting the 2008 US housing market crash, has recently become more optimistic about the market. After the Federal Reserve announced its interest rate cut decision on Wednesday, Eisman said in an interview with CNBC that he believes the current rate-cutting cycle by the Fed will not last long. "In the end, I think the Fed will cut rates by a total of at most 100 basis points, and then that's it," he said. He also added that he does not believe the latest round of monetary easing will have a disruptive impact on investors. Eisman believes that the Fed's recent and anticipated rate cuts are largely insignificant; in his view, this is merely "patching up" an essentially strong and healthy economy. This perspective suggests that investors and the public may be overestimating the power of the Fed's short-term actions while underestimating the underlying strength of the US economy.
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.
You may also like
Today's Market Prediction: Which Coin to Buy?
Scotiabank: Market Favors US Dollar Rebound, Significant Momentum Needed for Downturn
Zuckerberg: I'd rather waste hundreds of billions of dollars than fall behind in AI.
The Crypto Fear and Greed Index is currently at 53, indicating that market sentiment remains "neutral".
Trending news
MoreCrypto prices
More








