Former US Treasury Secretary: The Federal Reserve may ultimately not cut interest rates significantly
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Former US Treasury Secretary Summers pointed out that the Federal Reserve's monetary policy is not tightening as expected by the market, which may lead to a market bubble. He noted that the US economy is strong, while Wall Street giants like Morgan Stanley's Damon have predicted a recession. Summers warned that the Fed may not cut interest rates significantly as expected by the market, and said that the current expectations of rate cuts may disappoint the market. The S&P 500 is approaching a historical high, and Summers believes that the market is on the edge of a bubble
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