Reported 28 days ago
José Torres, a senior economist at Interactive Brokers, expressed concerns over the Federal Reserve's recent 50-basis-point rate cut, stating it was unnecessary and detrimental, essentially 'adding fuel to the fire' of the economy. He anticipates that upcoming economic data will reinforce his belief that the Fed's aggressive policy adjustment was a mistake, as the interplay between rate cuts and Treasury yields is affecting market dynamics for both lenders and borrowers.
Source: YAHOO