Global X investment strategy chief: Fed cut interest rates by 50 basis points may be too aggressive
2024-09-18 20:54:33
Global investment policy director scott helfstein says wfp reserve hopesdesk3cryptocurrencydesktopCrypto News
Scott Helfstein, head of investment strategy at Global X, said the Fed wants to start a rate-cutting cycle without triggering an asset bubble, but a 50 basis point cut could be too aggressive. We have already seen the Fed cut rates by 50 basis points ahead of time, which could be seen as the Fed's concern about a weaker economy. However, strong fundamentals in the coming weeks could calm markets and may keep money out of the market.
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