According to BlockBeats, on September 26, hedge fund legend David Tepper said that investors should believe the Fed’s statement that it will cut interest rates because it must maintain credibility now. The Fed may have to cut interest rates two or three more times, each time by 25 basis points, otherwise it will lose credibility. Even if they don’t cut interest rates by 50 basis points, they can do something else, such as cutting interest rates by 25 basis points, which needs to be done anyway. Tepper also said that although the Fed’s move made him hesitate, he would definitely not short the US stock market because of the direct benefits of loose policies. However, he prefers Asian and European stocks to US stocks. (Jinshi)

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