Bank of America: The Fed's sharp rate cut will help the economy avoid a recession

BlockBeats news, on September 20, the US Federal Reserve announced a 50 basis point interest rate cut. Bank of America said the Fed may choose to cut interest rates significantly, cutting interest rates by another 75 basis points this year and another 125 basis points in 2025 to help the US economy avoid a recession. As interest rate cuts become a reality, the credit industry, which has already digested the US recession, is expected to recover from low pricing. (Jinshi)