Odaily Daily Planet News reported that Nigel Green of deVere Group said in the report that if the Fed does not cut interest rates soon, but waits until the next meeting in September to cut interest rates, it would be a dereliction of duty. Last Friday, the unexpected rise in the US unemployment rate was the reason behind the pressure on stock index futures, the US dollar, and the decline in US bond yields. Green called for an immediate 25 basis point cut, while other analysts suggested an emergency cut of up to 75 basis points to avoid an economic recession. The Fed 'needs to take action now... otherwise there may be profound risks of a hard landing.' (Jin Shi)
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deVere Group: A Reserva Federal deveria agora cortar as taxas de juro de forma urgente
Odaily Daily Planet News reported that Nigel Green of deVere Group said in the report that if the Fed does not cut interest rates soon, but waits until the next meeting in September to cut interest rates, it would be a dereliction of duty. Last Friday, the unexpected rise in the US unemployment rate was the reason behind the pressure on stock index futures, the US dollar, and the decline in US bond yields. Green called for an immediate 25 basis point cut, while other analysts suggested an emergency cut of up to 75 basis points to avoid an economic recession. The Fed 'needs to take action now... otherwise there may be profound risks of a hard landing.' (Jin Shi)