Reported 21 days ago
Jon Hilsenrath, a former Wall Street Journal reporter now with Serpa Pinto Advisory, anticipates that the Federal Reserve will implement a 50 basis points cut at the upcoming FOMC meeting. Hilsenrath explains that the Fed is likely to ease significantly in the coming year, as they need to lower rates more aggressively to reach their targets. Given the current economic context and the volume of data influencing their decisions, he believes that substantial cuts are necessary to effectively manage interest rates.
Source: YAHOO