Wall Street is Pressuring the Feds on Interest Rates

August 07, 2024 | [Read Online]( Is There Hope for a Lower Interest Rate? "Talk is cheap, voting is free; take it to the polls." —Nanette L. Avery Market Pressure Mounts on Fed to Cut Rates Amidst Recession Fears As the Dow Jones Industrial Average plummets and job growth disappoints, the calls for interest-rate relief grow louder. Traders are increasingly convinced that the Federal Reserve must take decisive action soon – possibly sooner rather than later. In fact, JPMorgan Chief Economist Michael Feroli makes a compelling case for swift intervention, stating, "There is a strong case to act before September." He envisions a bold approach, advocating for a 50-basis-point reduction in September, followed by yet another identical cut in November. Other experts share similar sentiments. According to Wilmer Stith, Bond Portfolio Manager at Wilmington Trust, while an unscheduled rate adjustment seems improbable due to potential investor unease, extraordinary circumstances might necessitate drastic measures. As Stith puts it, "If things continue to fall out of bed at the rate that they seem to be falling, anything is possible... But I think it’s unlikely that they move inter-meeting because I think that's just going to put more fear into the market.” Wells Fargo Head of Global Fixed Income Strategy Brian Rehling concurs, saying, "I don't think we're at a point where the Fed needs to come in and do [an inter]-meeting emergency rate cut.” However, he acknowledges that rapidly worsening conditions could precipitate urgent action: "We may get to that point” if “something breaks, if something deteriorates faster,” though currently, “we are not there today.” Meanwhile, Fed Chair Jerome Powell appears less inclined towards aggressive easing, dismissing talk of a substantial basis-point decrease at a recent press briefing. When questioned about the possibility, Powell demurred, suggesting a smaller increment remains likelier: "I don't want to be really specific about what we're going to do, but that's not something we're thinking about right now… Of course, we haven't made any decisions at all as of today." Advertisement Constipated? Do THIS Before Breakfast (and Watch What Happens) A shocking health report just revealed that... The average American has potentially pounds of old, decaying poop trapped in their bowels. Imagine, instead of waste sliding out of you every day like clockwork... It builds up in your colon for years... making your belly appear swollen... And likely allowing toxins to seep into your body. If you sometimes strain when on the toilet... You should pay close attention here... Because according to research published by the National Institutes of Health... These “poop toxins” can be associated with joint pain, debilitating fatigue, and wild mood swings... And yet most people assume body aches, a foggy brain, and irritability are due to aging. But here’s the good news: [Doing this new, 10-second routine before breakfast gently removes pounds of backed-up poop...]( Without laxatives, suppositories, enemas or even probiotics... And all from the comfort of your own home. It’s never been easier to start your day with a smooth move... While also making you feel slimmer, energized, happier, and ache-free. Here it is: ===> [doing THIS 10 seconds before breakfast effortlessly flushes out your gut (no more straining, embarrassing gas, or pooched belly)]( Video Of The Day [YouTube video by The Political Movement]( Your Grammar is Under Attack by the Left [tw]( [yt]( Update your email preferences or unsubscribe [here]( © 2024 The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume the sender of this email has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this message and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. 4801 Linton Blvd. #11A-636 Delray Beach, FL 33445, United States of America [[beehiiv logo]Powered by beehiiv]( [Terms of Service](