Reported 26 days ago
Bill Dudley, the former president of the Federal Reserve Bank of New York, emphasized a strong argument for a 50 basis point interest rate cut in the U.S., suggesting current rates are significantly above what's considered neutral for the economy. Speaking at a forum in Singapore, he urged the Federal Reserve to initiate cuts, previously advocating for a start back in July. Market reactions have shown increased volatility, indicating that the decision between a 25 or 50 basis point cut is closely contested.
Source: YAHOO