Call for urgent intervention from JPMorgan to the Fed: Don't delay the interest rate cut!!
JPMorgan pointed out the increasing magnitude of fluctuations in financial markets, stating that the Fed could make its interest rate cut decision sooner than expected. Bank official Bob Michele emphasized the necessity for a swift intervention from the Fed during this period.
Bob Michele, Global Head of Fixed Income Products at JPMorgan, indicated that the seriousness of the fluctuations in the markets could lead the Fed to cut rates earlier than planned. Michele noted that the current market conditions are similar to the stock market crash in 1987, the financial crisis in 2008, and the pandemic-related crisis in 2020, stating, "They do not have the luxury to postpone the interest rate cut to the May meeting."
Bob Michele, Global Head of Fixed Income Products at JPMorgan, expressed that the U.S. Federal Reserve may have to implement interest rate cuts earlier than scheduled due to increasing fluctuations in financial markets.
In the Fed meeting on May 7, the likelihood of an interest rate cut is priced at over 40% in the markets, while some investors believe that this step could be taken even earlier if the deterioration in economic conditions accelerates.
The Fed needs to proceed aggressively with interest rate cuts. This is a necessity for real capital inflow into cryptocurrencies. I will continue to observe the markets from a distance for a while longer. The coins I bought from the spot market are still sitting in the basket. As I mentioned before, a difficult and stressful period awaits us. World wars have always arisen due to economic crises. Buying every dip right now is definitely a huge risk. The world order is being re-established.