Economist: The Fed's drastic rate cut may just be the calm before the storm.

avatar
MarsBit
09-19
This article is machine translated
Show original
According to Mars Finance, investors had expected the market to be volatile after the Federal Reserve's sharp interest rate cut, but what they saw was a calm market. However, such tranquility may quickly dissipate. "I don't think this calm will last long," said Brian Jacobsen, chief economist of Annex Wealth Management. He pointed out that the reversal of the stock market in the evening may indicate that the stock market is expected to be weak, "unless we get some data that can give a clear sense of direction." Jacobsen said that the market will pay attention to the upcoming data, such as the number of initial jobless claims on Thursday. Jacobsen said: "The Fed is clearly in a lagging catch-up mode and trying to make up for lost time with the rate cut that has just been implemented."

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments