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

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 […] source: https://www.cryptopolitan.com/why-the-fed-rate-cut-should-be-by-0-5/