Reported about 1 month ago
The Federal Reserve is expected to consider rate cuts in September, but PNC's Chief Economist Gus Faucher argues that a 50 basis-point cut could hinder economic growth. He explains that while the economy is experiencing a slowdown in growth, it may still be healthy. Faucher also anticipates that the upcoming jobs report will significantly influence the Fed's decision. Watch the full discussion for further insights on economic trends and consumer behavior.
Source: YAHOO