Odaily星球日报讯 美国总统拜登表示，预计美联储将继续降息。（金十）

拜登：预计美联储将继续降息

Odaily Odaily News: US President Biden said that he expects the Federal Reserve to continue to cut interest rates. (Jinshi)

Biden: Expect the Fed to continue cutting interest rates

The United States Federal Reserve (the Fed) announced on Wednesday that it would lower the benchmark interest rate by 50 basis points to the range of 4.75% - 5%, the first rate cut since 2020. This move marks the end of the Fed's nearly two-year tightening cycle and a shift towards a more accommodative monetary policy. This decision not only impacts traditional financial markets but also has far-reaching implications for the cryptocurrency market.

Soft landing or hard landing? Analyzing the economic bets behind the Fed's rate cut decision

JPMorgan Chase CEO Dai expressed a cautious attitude towards whether the US economy will achieve a soft landing, and said that the Fed's interest rate cut is the right move. He said: "A 50 basis point rate cut may be the right choice. But Dai expressed doubts about the US economy and its market pricing, saying: "I am a long-term optimist, but in the short term, I am more skeptical of those who say everything will be fine. The market pricing indicates that everything will be fine. Let me take a cautious stance."

JPMorgan Chase CEO Dimon: A 50 basis point rate cut by the Fed may be the right choice

Chicago Federal Reserve Chairman Goolsbee recently emphasized that in order to achieve a "soft landing" for the US economy, the Federal Reserve needs to further cut interest rates over the next year and gradually return to a neutral interest rate level.

(Background: Yellen: The US economy is resilient and has achieved a soft landing, or may do so after Biden steps down as Treasury Secretary)

(Additional background: The US economy will not have a hard landing. Federal Reserve officials support Powell's gradual interest rate cuts to avoid a ceasefire)

Although US inflation has shown a clear decline and there are signs of a weakening labor market, the Federal Reserve has lowered interest rates by 50 basis points last week, and interest rates are still at their highest level in nearly 20 years.