Odaily Planet Daily News Morgan Stanley CEO Damon is cautious about whether the US economy is achieving a soft landing and believes that the Fed’s interest rate cut is the right approach. He said, ‘A 50 basis point interest rate cut may be the right choice.’ However, Damon expressed doubt about the US economy and its market pricing. He said, ‘I am a long-term optimist, but in the short term, I am more skeptical of those who say everything will be fine. Market pricing indicates that everything will be fine. Let me stand on the cautious side.’ (Jinshi)
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El CEO de JPMorgan Chase, Jamie Dimon: La disminución de 50 punto base de la Reserva Federal de EE. UU. puede ser la elección correcta
Odaily Planet Daily News Morgan Stanley CEO Damon is cautious about whether the US economy is achieving a soft landing and believes that the Fed’s interest rate cut is the right approach. He said, ‘A 50 basis point interest rate cut may be the right choice.’ However, Damon expressed doubt about the US economy and its market pricing. He said, ‘I am a long-term optimist, but in the short term, I am more skeptical of those who say everything will be fine. Market pricing indicates that everything will be fine. Let me stand on the cautious side.’ (Jinshi)