After the Federal Reserve significantly lowered interest rates, Morgan Stanley CEO poured cold water on the prospect of a "soft landing" with a skeptical attitude.
Damon expressed doubts about whether the US economy can achieve a soft landing after the Federal Reserve's first interest rate cut in over four years.
JPMorgan CEO Dimon: The possibility of a soft landing for the US economy is relatively low.
Damon believes that inflation will not easily fade away. He has previously warned multiple times that inflation may be more stubborn than investors expect, due to factors such as fiscal deficit spending.
S&P welcomes its 39th new high of the year! The surprise rate cut, though late, has arrived. What will drive the new surge in the US stock market?
In the early morning of September 19th, the Federal Reserve violently initiated a 50 basis point interest rate cut, while the unexpectedly low number of initial jobless claims announced on Thursday further strengthened confidence in a soft landing of the US economy.
ProShares UltraPro Short QQQ ETF Options Spot-On: On September 20th, 259.44K Contracts Were Traded, With 1.67 Million Open Interest
On September 20th ET, $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ had active options trading, with a total trading volume of 259.44K options for the day, of which put options accounted for 16.65% of
The Fed's interest rate cut cycle has begun, but Powell's challenges have just begun.
Yu Yong, chief economist of Ernst & Young, said that Powell successfully persuaded most officials that it was optimal to cut interest rates ahead of time, but the cost is that policymakers may be more resistant to rapid rate cuts in the next two policy meetings.
Express News | Federal Reserve Governor Waller: If the employment market deteriorates, we may consider cutting interest rates by another 50 basis points.