JPMorgan Chase CEO: 50 bps Fed rate cut may be the right thing to do
JPMorgan Chase CEO Dimon is cautious about whether the U.S. economy has achieved a soft landing and says the Fed is doing the right thing by cutting interest rates, according to Golden Ten.
He said: “A 50 basis point rate cut is probably the right thing to do. But Damon expressed skepticism about the U.S. economy and its market pricing, saying: “I'm a long-term optimist, but in the short term, I'm more skeptical of those who say everything will be fine. Market pricing suggests everything will be fine. Let me err on the side of caution.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big short Burry increases short positions on Micron and Nebius, with the logic that "memory supply surge will put downward pressure on prices"
Michael Burry has dramatically increased his short positions on Micron, Palantir, and semiconductor ETFs, stating that the scale is “quite large.” His main reasoning is that Samsung, SK Hynix, and Micron squeezed their conventional DRAM production to meet AI-driven HBM demand, resulting in a shortage; however, with production capacity now ramping up, the Damocles sword of oversupply is hanging over the market. The inventory warning from Acer’s CEO has further convinced him that the memory cycle has already peaked.
Colorpak Indonesia announces extraordinary shareholder meeting
Crypto prices
More
