The Fed's 50 basis point rate cut suggests a panic strategy
Investor Julian Howard said: The Fed's 50 basis point rate cut is easy to make people nervous, but not necessarily panic. He said, "Next, many people believe that the beginning of a rate cut cycle is aimed at supporting the US economy and inflation will fall back to the target of 2.0%."
At the same time, the US remains at 4.2%, a low level by the standards of the past three decades, and the latest non-farm report employment is also quite strong, with 142,000 new jobs in August, so everyone is worried about unnecessary economic expenses.
