Reported 24 days ago
As Wall Street debates the potential for a Federal Reserve rate cut, experts express concern that a large cut of 50 basis points could signal panic and suggest the bank is reacting too late to economic struggles. Despite calls for more aggressive action due to a weakening jobs market, economists advocate for a measured approach, highlighting the resilience of the current economy backed by positive GDP data and steady consumer spending. They warn that a significant cut may increase market volatility, emphasizing the need for careful consideration before any drastic moves.
Source: YAHOO