Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Senior market observer: The Fed's interest rate cut is "adding fuel to the fire" for the stock market.

Jin10 data September 17 news, senior market observer Ed Yardeni compared the Fed's almost certain interest rate cut to “adding fuel to the fire” in a report to clients. He pointed out that the S&P 500 index reached a new all-time high on Tuesday. He stated that although the labor market shows signs of slowing down, the overall economic growth in the United States remains robust. Therefore, the interest rate cut on Wednesday is not truly necessary. The interest rate cut is more likely to keep inflation above the Fed's target while fueling speculative flames in the stock market.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Mr.Dapengvip
· 09-17 14:18
Either 5000 or 3950
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)