BlockBeats News, September 18th: According to a research report from CICC, looking ahead, due to overly weak employment data, we expect the Fed to cut interest rates by another 25 basis points in October. However, after that, as inflation heats up, the threshold for further rate cuts will become higher and the monetary easing space will also be limited. The current key issue of the U.S. economy is not insufficient demand but rising costs. Excessive monetary easing not only fails to solve the employment problem but may exacerbate inflation, leading the economy into a “stagflation-like” dilemma. (Odaily)
