While the risk of recession in the USA increases after the collapse in Bitcoin and global markets, investors expect the FED to hold an emergency meeting and cut interest rates before September.

FED Interest Rate Cut Calls Are Increasing!

At this point, as expectations increased, Wharton Professor Jeremy Siegel, who participated in the CNBC Squawk Box program, called for the FED to cut interest rates by 1.5%.

According to Siegel, 0.75% cut in the FED emergency meeting; In September, another 0.75% cut should be made.

Apart from Siegel, deVere Group CEO Nigel Green also stated in a note sent to clients that the FED should cut interest rates soon rather than waiting for its next meeting in September.

The surprising rise in unemployment in the US on Friday lies behind the downward pressure on stock futures, the dollar and Treasury yields, according to the famous CEO.

DeVere CEO has called for a 25 basis point cut from the Fed, while other analysts are recommending an immediate cut of up to 75 basis points to avoid a recession.

“The FED needs to act now and cut interest rates…otherwise there could be legitimate and far-reaching risks of a hard landing.”

FED Member Speaks About Emergency Interest Rate Cut!

As FED interest rate cut expectations increase, FED member Austan Goolsbee made updated statements on CNBC.

Answering a question about the interest rate cut calls made to the FED, Goolsbee said, “Everything is on the table, both regarding the increase and the reduction. The FED will do whatever the conditions require.” said.

Stating that the US Federal Reserve will react to signs of weakness in the economy and interest rates may be very restrictive at the moment, Goolsbee said:

“Employment figures are weaker than expected, but there is no sign of recession yet.

The FED takes a restrictive stance.

If the economy gets worse, the Fed will fix it.

The FED needs to be forward-looking when making decisions.

Economic growth continues steadily. The data do not show that the economy is overheating.

“Every possibility, including an emergency interest rate cut, is always on the table.”

At this point, analysts think that if the FED cuts interest rates before September, it may lead to a recovery in global markets, especially Bitcoin and cryptocurrency markets.

*This is not investment advice.