Quantum Strategy: "Fed's further rate cuts are unnecessary."
◻️Quantum Strategy founder and strategist David Roche said that the US Federal Reserve (Fed) is not required to make further rate cuts.
◼️Roche stated that the Fed's 50 basis point rate cut last month was a hasty decision, and that the latest US employment data did not confirm this cut.
◻️Emphasizing that the economy is actually strong, Roche said that markets do not need large-scale rate cuts and that further rate cuts could be harmful.