CNBC host: Bank bad debts may prompt the Federal Reserve to cut interest rates sooner
ChainCatcher news, according to Golden Ten Data, as news of bank bad debts hits Wall Street, CNBC financial commentator Jim Cramer stated that this latest situation will pave the way for the Federal Reserve to cut interest rates. He pointed out that non-performing loans are an early warning signal, indicating that it is time for the central bank to ease monetary policy. On Thursday, U.S. stock indices generally fell as investors' concerns about the health of regional banks' lending businesses intensified. Cramer emphasized that lower borrowing rates can not only stimulate the economy but also make it easier for borrowers to avoid defaults.
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