Howard Lutnick, the famous manager of Cantor Fitzgerald, one of the major global investment companies, said in a broadcast that he expects the Fed to make its first interest rate cut in September, but he thinks other cuts will come in 2025.

“Trump effect spreads to other companies”

Lutnick, who was a guest of Bloomberg’s broadcast from the US media, also touched on the Donald Trump effect in the economy, apart from interest rate cuts.

Lutinck, who called the Trump era, which is generally known for tax cuts and reduced regulations, as ‘Trump trade’, said, ‘Trump trade goes beyond the Magnificent 7 and spreads to other stocks. They will also rise. trump effect is spreading by expanding towards the base,’ he said.

As it is known, companies known as the Magnificent 7 include major technology companies such as Nvidia, Apple, Amazon and Alphabet.

“Bitcoin is a commodity”

Speaking at the Bitcoin Conference over the weekend and stating that Cantor Fitzgerald, where he is chairman of the board of directors, has large amounts of Bitcoin, Lutinck also said that Bitcoin is a commodity, not a currency.

Lutnick also stated that both US presidential candidates want interest rate cuts, which is ‘normal’.