Bank of America: The Fed's sharp rate cut will help the economy avoid recession

Mars Finance reported that the US Federal Reserve announced a 50 basis point rate cut, and Bank of America said the Fed may choose to cut interest rates significantly, cutting interest rates by another 75 basis points this year and another 125 basis points in 2025 to help the US economy avoid a recession. As the interest rate cut becomes a reality, the credit industry, which has already digested the US recession, is expected to recover from low pricing. (Jinshi)