Bank of America CEO Sounds the Alarm: Will the FED Cut Interest Rates? đš
Bank of America CEO Brian Moynihan is urging the Federal Reserve to act swiftly on interest rates. With the FED holding rates at a 23-year high of 5.25%-5.50%, all eyes are on September for a potential rate cut. The market is almost evenly split, with a 25 basis point cut priced at 51.5% and a 50 basis point cut at 48.5%.
Moynihan warns that if the FED doesnât start lowering rates soon, U.S. consumers could face tough times ahead. He emphasized that once consumer sentiment turns negative, itâs challenging to restore confidence.
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Stay tuned as the FEDâs decision in September could have a massive impact on the economy and the crypto market.
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