Steve Eisman, who became famous for accurately predicting the 2008 U.S. housing crash, has recently become more optimistic about the market. After the Federal Reserve announced its decision to cut interest rates on Wednesday, Eisman said in an interview with CNBC that he did not think the current round of Fed rate cuts would last long.
"At the end of the day, I think the Fed will cut rates by up to 100 basis points in total and then stop there," he said, adding that he did not expect the latest round of monetary easing to be disruptive to investors.
Mr. Eisman's view that the Fed's recent and expected rate cuts are largely irrelevant and, in his view, little more than "tinkering" with an essentially strong and healthy economy suggests that both investors and the public may be overestimating the strength of the Fed's short-term moves and underestimating the underlying strength of the US economy.
"Big Short" prototype Eisman: Fed cut interest rates by up to 100 basis points
2025-09-19 02:31:09
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