Spartan Capital Securities economists: Market sentiment may change in the next few days, and investors may begin to worry about the economic outlook

According to Mars Finance, Peter Cardillo, chief market economist at Spartan Capital Securities, said that he had expected the Fed to gradually cut interest rates by 25 basis points, but the Fed's actions were much more "generous" than he expected, especially since they have hinted that they may cut interest rates by another 50 basis points before the end of the year. Cardillo believes that the Fed's move is clearly dovish, mainly because it is worried that the labor market is too weak. Although the U.S. stock market initially reacted positively after the news was released, Cardillo pointed out that market sentiment may change in the next few days and investors may begin to worry about the economic outlook.