Fed’s Rate Cut Sparks Divided Reactions, More Easing Expected

The Federal Reserve’s recent 50 basis point rate cut left experts divided.

Brad Bechtel of Jefferies pointed out that while the move was aimed at preventing a recession, the market’s reaction was underwhelming, likely because it had been partially expected.

During a press conference, Fed Chair Jerome Powell expressed satisfaction with the rate cuts, hinting he supported a more aggressive stance to gain wider approval within the Fed.

His decision was influenced by the Beige Book report, which painted a gloomy picture of the U.S. economy.

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Fed Rate Cuts Could Crash Crypto Market, Warns Arthur Hayes

Bond market expert Jeffrey Gundlach cautioned against aggressive easing but noted another rate cut could come later in the year.

Meanwhile, Senator Elizabeth Warren criticized Powell for acting too late, arguing more cuts are needed to support consumers.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.