Another 50 bps rate cut by the Fed is unlikely to happen again this year

According to the global capital markets commentary The Kobeissi Letter, the Federal Reserve will unlikely initiate another 50 basis point interest rate cut this year. The commentary rather believes that the possibility of no cuts in November is rising. The Kobeissi Letter also mentioned that the Fed's previous rate cut in September was too aggressive. source: https://www.cryptopolitan.com/another-50-bps-rate-cut-by-the-fed-unlikely/