Peter Schiff: Powell has no reason not to deliver on September rate cut
2024-08-19 15:48:04
With market warp savings rate cuts expectations increasingly Federal Reservedesk3cryptocurrencydesktopCrypto News
As market expectations grow for a rate cut next month, the Fed is likely to deliver on that expectation. Wall Street mogul Peter Schiff said he will see a rate cut in September, mainly because the market is now counting on a rate cut in September. That's why U.S. stocks rebounded after being sold off on Monday. Now that the market has factored in the possibility of a rate cut in September, Powell has no reason not to deliver. He always meets market expectations. He doesn't want to cause surprises in the market.
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