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deVere Group CEO: The Fed must take bold action to respond to the coming economic storm ChainCatcher news, Nigel Green, the CEO of deVere Group, one of the world's largest independent financial advisory and asset management firms, warned that the Federal Reserve must take bold action and make a super-sized 50 basis point rate cut in September to address the impending economic storm. Nigel Green stated, "Interest rates are currently at their highest level in over 20 years, and there is no room for hesitation. A 25 basis point rate cut may signal a change in direction, but it is not the radical action needed to avoid a potentially disastrous hard landing. The rationale for a bold 50 basis point rate cut in September is clear. Such a move would strongly signal the Fed's determination to guide the US economy away from the brink of recession. This should be followed by further 25 basis point cuts in November and December, allowing the Fed not only to address immediate concerns but also lay the foundations for sustainable economic growth." $BTC $ETH $BNB
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deVere Group CEO: The Fed must take bold action to respond to the coming economic storm Nigel Green, the CEO of one of the world's largest independent financial advisory and asset management firms, deVere Group, has warned that the Federal Reserve must take bold action and make a massive 50-basis-point rate cut in September to address the impending economic storm. Nigel Green stated, "Interest rates are currently at their highest level in over 20 years, and there is no room for hesitation. A 25-basis-point rate cut may signal a change in direction, but it is not the radical action needed to avoid a potentially disastrous hard landing. The rationale for a bold 50-basis-point rate cut in September is clear. Such a move would strongly signal the Fed's determination to guide the US economy away from the brink of recession. Further 25-basis-point cuts in November and December would not only address the immediate concerns but also lay the foundation for sustainable economic growth." $BTC $ETH $BNB
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deVere Group CEO: The Fed must take bold action to respond to the coming economic storm According to Mars Finance news, on August 15th, Nigel Green, the CEO of deVere Group, one of the world's largest independent financial advisory and asset management firms, warned that the Federal Reserve must take bold action and make a super-sized 50 basis point rate cut in September to address the impending economic storm. Nigel Green stated, "Interest rates are currently at their highest level in over 20 years, and there is no room for hesitation. A 25 basis point rate cut may signal a change in direction, but it is not the radical action needed to avoid a potentially catastrophic hard landing. The rationale for a bold 50 basis point rate cut in September is clear. Such a move would strongly signal the Fed's determination to steer the US economy away from the brink of recession. This should be followed by further 25 basis point cuts in November and December, allowing the Fed not only to address immediate concerns but also to lay the foundations for sustainable economic growth." $BTC $ETH $BNB
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deVere Group CEO: The Fed must take bold action to respond to the coming economic storm On August 15, Nigel Green, the CEO of deVere Group, one of the world's largest independent financial advisory and asset management firms, warned that the Federal Reserve must take bold action and implement a massive 50-basis-point rate cut in September to address the impending economic storm. Nigel Green stated, "Interest rates are currently at their highest level in over 20 years, and there is no room for hesitation. A 25-basis-point rate cut may signal a change in direction, but it is not the radical action needed to avoid a potentially disastrous hard landing. The rationale for a bold 50-basis-point rate cut in September is clear. Such a move would strongly signal the Federal Reserve's determination to guide the US economy away from the brink of recession. This should be followed by further 25-basis-point cuts in November and December, allowing the Federal Reserve not only to address the immediate concerns but also to lay the foundation for sustainable economic growth." $BTC $ETH $BNB
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Market analysis: Harris' lead may cause the dollar to fall According to foreign media analysis reports, if the possibility of Democratic presidential candidate Harris winning the US presidential election continues to increase, the US dollar may weaken. Harris's victory could be much less disruptive to the market than a victory by Republican presidential candidate Trump. Therefore, if the possibility of Harris winning in November becomes increasingly likely, risk appetite may rise, thereby undermining the safe-haven US dollar. $BTC $ETH $BNB
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