🔸Fed's 50 basis point rate cut suggests no need to panic

Investment strategist Julian Howard said:

The Fed's 50 basis point rate cut is easy to make people nervous, but there is no need to panic. He said "it marks the beginning of what many people believe is a rate cut cycle aimed at supporting the US economy and inflation will fall back to the 2.0% target." At the same time, the US unemployment rate remains at 4.2%, which is low by the standards of the past three decades, and the latest non-farm payrolls report is also quite strong, with 142,000 new jobs in August, so there is no need to worry about a recession. $BTC $ETH $BNB