The economic recession in the usa has become increasingly di...
The economic recession in the usa has become increasingly difficult to conceal, a 50 basis point rate cut is feared to cause panic, and not lowering the rate by 50 basis points is feared to make the economy worse. It's a case of choosing the lesser of two evils. Retail sales data have plummeted, indicating that GDP will inevitably also plummet, confirming the economic recession. It seems that the Federal Reserve has no choice but to lower the rate by 50 basis points, as a 25 basis point reduction is not enough to save the economy. Just as expected. However, carrying out a large rate cut to save the economy while also saying that the economy is doing well is hard to justify. We should continue to observe who will gain the upper hand between the power of the election and the power of the market, with various developments expected in the near future.
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