Analysis: Rate cuts will drive historic widening of wealth inequality, while asset owners will triumph over inflation
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最新报道：According to Bijie.com, on August 24th, The Kobeissi Letter released its latest market analysis, predicting a less aggressive rate cut than Trump hoped, with a 300 basis point cut. The last time the Fed cut rates due to rising inflation was in the 1970s, the result was a historic widening of the wealth gap. In 1990, the wealth gap between the richest 1% and the poorest 50% was $3 trillion; it is now $40 trillion. Currently, the richest 0.1% of the US population owns 5.5 times more wealth than the poorest 50%. In fact, the Federal Reserve has indeed fallen behind in the current global rate-cutting cycle. Global central banks cut interest rates 15 times in May alone, the fastest monthly pace of rate cuts so far this year and one of the largest wave of rate cuts this century. The first Fed rate cut in 2025 is certain to come in just one month. Furthermore, Federal Reserve Chairman Powell's term ends in eight months. President Trump has made it clear that his pick for the new Fed chair must cut interest rates and will announce the new chair "soon." 2026 will be a historic year for the market. This trend isn't new; the pandemic has accelerated it. Asset owners are beating inflation. The richest 1% of American households own 51% of stocks, while the richest 10% own 87%. Market participants should increase their holdings before the wealth gap widens.
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