JPMorgan CEO Dimon: A 50 baz puan interest rate cut by the Federal Reserve may be the right choice

Odaily Planet Daily News Morgan Stanley CEO Damon expresses caution about whether the US economy will achieve a soft landing and says that the Fed’s interest rate cut is the right move. He said, ‘A 50 basis point rate cut may be the right choice.’ However, Damon has 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. Market pricing indicates that everything will be fine. Let me stand on the cautious side.’ (Jin10)