Paragon Capital Management Singapore Private Limited reposted this
The Fed has pivoted and cut interest rates by 50 bps. This is a good decision imo. Chair Powell was very clear that no recession was in sight. A soft landing is now very likely. #fed #interestrates Paragon Capital Management Singapore Private Limited https://lnkd.in/gQH36NYm
A 50bps cut to the Fed Funds rate is not a “Jumbo Fed Cut”. Let’s not forget the successive 75bps hikes in the past 2 years that brought the rate to its current restrictive levels.
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1wRetail must be really happy.