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Why the Federal Reserve’s September rate cut should be by 0.5%

Why the Federal Reserve’s September rate cut should be by 0.5%


Cryptopolitan
2024-09-05 23:08:42

The Federal Reserve is finally cutting interest rates this month, and while many are expecting a modest rate cut of 0.25%, Michael Feroli, chief economist at JPMorgan, says the Fed needs to go bigger. He’s calling for a 50 basis point (0.5%) cut. His reasoning is that a smaller cut won’t be enough to keep


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