The Fed may be too hasty to cut interest rates by 50 basis points! Will the positive turn into negative? Fed Chairman Powell: Taking all the risks into consideration, we will cut interest rates by 50 basis points today. This adjustment will help maintain the strength of the economy and the labor market. On September 19, Nancy Tengler, CEO and CIO of Laffer Tengler Investment, said that I think the Fed may be too hasty in cutting interest rates by 50 basis points. The US economy is slowing down, but it is still strong. Productivity is solid and unit labor costs are moderate. The unemployment rate may indeed rise, but we have not seen layoffs-the number of unemployed people is still large, far higher than before the epidemic. My criticism of the Fed has always been the short-sighted focus on past data. It feels like this. A weak employment report has put us in this situation. Then the speech at the press conference has been hawkish! Bitcoin has not broken through the range of 61500-62500 under this positive situation. It will pull back again! The same is true for Ethereum! It is difficult to sustain if it cannot break through 2400! #token2049 #美联储宣布降息50个基点 #美国大选如何影响加密产业？ #美国8月零售销售环比好于预期 #新币挖矿CATI $BTC $ETH