Wall Street is unhappy with Jerome Powell’s rate cut strategy

Wall Street is fuming over the Federal Reserve’s interest rate strategy. Bank of America’s latest results have exposed the growing tension. The bank’s management expects the Fed to cut rates by a quarter point in September, November, and December.  However, their chief economist, Michael Gapen, predicts only one 25-basis-point cut in December. But after the […] source: https://www.cryptopolitan.com/wall-street-unhappy-with-rate-cut-strategy/