DataTrek: The Fed is far behind the curve in rate cuts

Odaily Odaily News: Nicholas Colas, co-founder of DataTrek, said that the Federal Reserve is far behind the situation in terms of interest rate cuts, but Nicholas Colas does not think that this will necessarily lead to a recession. He said that a recession needs a catalyst to start, and so far, nothing has happened in the United States that could trigger such a sharp economic slowdown. Powell and other senior officials have hinted that the Federal Reserve will cut interest rates for the first time since the early days of the COVID-19 pandemic later this month. (Jinshi)