Reported 2 months ago
Wall Street is intensifying pressure on the Federal Reserve to implement aggressive rate cuts in response to significant market declines and a lackluster jobs report that has raised recession fears. Traders are now anticipating a half percentage point reduction in the upcoming months, with discussions on potential preemptive cuts before the next policy meeting. Despite mixed opinions on immediate actions, there is a growing sentiment that the Fed may need to adapt more swiftly to emerging economic data.
Source: YAHOO