【Volatility Alert! Federal Reserve, Major News】October 29, news reports that Wall Street moguls have suddenly issued a warning: the Federal Reserve may "pause interest rate cuts" at next week's meeting. Top U.S. economist and Wharton School finance professor Jeremy Siegel stated in a recent interview that, despite investors being almost certain the Federal Reserve will cut rates by another 25 basis points in November, a strong non-farm payroll report released this Friday could overturn those expectations.
Meanwhile, Goldman Sachs CEO David Solomon stated in a recent speech that the U.S. economy is showing remarkable resilience and expressed concerns about global inflation issues; Bank of America CEO Moynihan warned that Federal Reserve policymakers should carefully weigh the extent of interest rate cuts; BlackRock President Fink believes that the current underlying inflation rate is higher than at any time in history, and interest rates will not be as low as expected.$BTC