Wall Street elites, the pie will continue to fall
Market funds are seriously exhausted. The problem of insufficient liquidity will continue to show. David Kelly of JPMorgan Asset Management said that "the U.S. economy is slowing down moderately," adding that inflation is experiencing a "sweet time" of decline. "A rate cut in September is possible."
Kelly said the economy will not enter a "long-term higher" environment, but a "long-term normal" environment. He said there is nothing wrong with the 10-year Treasury yield of 4.5%.
Tom Porcelli of PGIM Fixed Income said it was just a "recalibration cycle." He said that while he mainly criticized Powell, he had to admit that Powell had done a good job recently. He said that "the Fed does not need to overreact to every report." He added that in his opinion, Powell is a Fed chairman who wants to cut interest rates.
Rubeela Farooqi, chief U.S. economist at High Frequency Economics, said, "Overall, price pressures remain elevated but are moving in the right direction. We believe the data supports the Fed's patience in future policy decisions, and the base case for this year remains lower interest rates."
LPL Financial chief economist Jeffrey Roach said the Fed is unlikely to start cutting rates until there is "more confirmation" that consumer prices are slowing$BTC $ETH #ETFvsBTC #ETFvsBTC