Reported 2 months ago
Amid significant stock market declines and a weak jobs report, some economists are urging the Federal Reserve to consider lowering interest rates before its scheduled meeting in September. While historically the Fed resorts to inter-meeting cuts during crises, recent calls have intensified, with suggestions for a potential 50-basis-point cut. However, others warn that such an action could induce further market panic. Fed Chair Jerome Powell has indicated that any decisions will rely on forthcoming economic data, emphasizing caution.
Source: YAHOO