Odaily Planet Daily News According to the increasing market expectation for the Fed's interest rate cut next month, the Fed is very likely to fulfill this expectation. Peter Schiff, a big player on Wall Street, said that there will be a rate cut in September, mainly because the market is now hoping for a rate cut in September. That's why the US stock market rebounded after dumping on Monday! Since the market has already factored in the possibility of a rate cut in September, Powell has no reason not to fulfill it. He always meets the market's expectations and does not want to cause any surprises in the market. (Golden Finance)
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Peter Schiff: Le marché compte maintenant sur une baisse des taux en septembre, Powell n'a aucune raison de ne pas tenir sa promesse
Odaily Planet Daily News According to the increasing market expectation for the Fed's interest rate cut next month, the Fed is very likely to fulfill this expectation. Peter Schiff, a big player on Wall Street, said that there will be a rate cut in September, mainly because the market is now hoping for a rate cut in September. That's why the US stock market rebounded after dumping on Monday! Since the market has already factored in the possibility of a rate cut in September, Powell has no reason not to fulfill it. He always meets the market's expectations and does not want to cause any surprises in the market. (Golden Finance)