The Federal Reserve's decision to cut interest rates by 50 basis points, along with Fed Chair Jerome Powell's comments, received mixed reactions from economists and analysts. Many were surprised by the decision, but noted that the market had already priced in some expectation of a rate cut. Powell's comments suggested he personally favored a larger rate cut, and the Beige Book report played a significant role in the Fed's decision. Notably, the "New Bond King" Jeffrey Gundlach suggested that further rate cuts could be possible in November. On the political front, Senator Elizabeth Warren criticized the Fed's approach, arguing that more rate reductions are needed to support consumers and homeowners.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-09-18
Economists Evaluated the Situation After the FED’s 50 Basis Points Rate Cut: What Do They Expect?