Analysts: US stock market may fall sharply when the Fed cuts interest rates in September

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Odaily2024/07/31 20:41

By:Odaily

Odaily News Jake Dollarhide, an analyst at Longbow Asset Management, said: The Fed will not cut interest rates in August, which is the worst kept secret on the planet. The Fed will announce a 25 or 50 basis point rate cut in September, but I would not be surprised if this is already reflected in the stock market. We may see a sharp drop in the market on the day the Fed cuts interest rates in September. (Jinshi)

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