This contagion market event could trigger an emergency Fed rate cut – Danielle DiMartino Booth
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Danielle DiMartino Booth, CEO and chief strategist of QI Research, warns that if there is a contagion in other markets, the Federal Reserve will be forced to play catch-up and make an emergency rate cut. She believes the Fed will have to go for a 50 basis point cut by September 18. However, an emergency rate cut could confirm investors' worst fears and may not be justified by a minor meltdown in the U.S. stock market. The Fed would be prompted to issue an emergency rate cut if there is contagion into the credit markets and credit starts drying up. DiMartino Booth believes the U.S. economy is already in a recession. She also analyzes gold and Bitcoin in this environment.

#FederalReserve #RateCut #Contagion #StockMarket #CreditMarkets #Recession #Gold #Bitcoin

https://www.kitco.com/news/article/2024-08-13/contagion-market-event-could-trigger-emergency-fed-rate-cut-danielle