TechFlow news, September 19 — According to Jinshi Data, after the Federal Reserve announced its interest rate cut decision on Wednesday, Eisman, the inspiration behind "The Big Short," said in an interview with CNBC that he believes this round of rate cuts by the Fed will not last long. "Ultimately, I think the Fed will cut rates by no more than 100 basis points in total, and then that's it."
Eisman believes the Fed's recent and anticipated rate-cutting moves are largely insignificant, amounting in his view to mere tinkering with an economy that is fundamentally strong and healthy.
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