GAM Investments Strategist Comments On Federal Reserve's Rate Cut

According to Odaily, Julian Howard, Chief Multi-Asset Investment Strategist at GAM Investments, remarked on the Federal Reserve's decision to cut interest rates by 50 basis points, noting a sense of unnecessary panic. He indicated that many perceive this move as the beginning of a rate-cutting cycle aimed at supporting the U.S. economy as inflation rates fall back to the 2.0% target level. Howard also highlighted that the U.S. unemployment rate remains at 4.2%, which is considered low by the standards of the past 30 years. Additionally, the latest non-farm payroll report showed a robust increase, with 142,000 jobs added in August.