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Veteran crypto investor expects one more rate cut by Christmas
The Federal Reserve’s quarter-point cut — its first in a long stretch — landed as a “risk management” move, and Frank Holmes reads it as measured rather than a pivot into panic. Speaking on TheStreet Roundtable, the executive chairman of HIVE Digital Technologies said the backdrop is sturdier than many expected and hinted at one more trim before year-end. “The economy is much more stealth and the consumer has been much stronger in America than what the average person anticipated,” Holmes said. He pushed back on the chorus of rate pessimists he sees across Wall Street. “They look for everything to ... (full story)
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