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After the significant rate cut, did the Federal Reserve start a new expectation management?
Federal Reserve Governor Michelle Bowman insists that a smaller rate cut by the Federal Reserve this week is more preferable. Bowman is the only member of the Federal Reserve to dissent from the latest rate cut policy decision, stating that she is inclined towards a smaller rate cut (25 basis points) rather than 50 basis points.
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.
U.S. stock market closing | The 'Triple Witching Day' saw violent fluctuations in the final trading hour, with the Dow hitting a new all-time high; Intel surged in the final hour, gold reached a new high, and the offshore RMB rose by 300 points.
The Dow Jones hit a new high, while small-cap index fell more than 1% after seven consecutive gains, and the S&P briefly stopped falling in late trading. The Dow rose 1.6% for the week, the Nasdaq rose 1.5%, and energy stocks drove the S&P up 1.4%, the fifth consecutive weekly gain in six weeks, with small-cap stocks rising more than 2% and China concept stocks rising nearly 4% for the week.
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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.
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Express News | Federal Reserve Governor Waller: If the employment market deteriorates, we may consider cutting interest rates by another 50 basis points.
Big Rate Cut Primes Bubble Risks, Says BofA in Seeing Investment Paths in Bonds, Gold
Bank of America: Interest rate cuts intensify the risk of a stock market bubble, making bonds and gold more attractive.
Hartnett, who accurately predicted the sharp rise in US bonds, pointed out that bonds and gold are powerful hedging tools against economic recession and inflation, while outside the USA, stocks and csi commodity equity index are better investment targets in the context of a soft landing.
Seven giants of the US stock market are expected to return to the peak? Looking back at the last interest rate cut cycle, this company surged by nearly 500%.
Wedbush, a Wall Street investment bank, has stated that the Fed's rate cut is the missing piece of the puzzle, indicating that the green light for high-tech growth-oriented trading has been re-illuminated and will continue through the end of the year and 2025.