Market Anticipates Significant Fed Rate Cut in September
TL;DR Summary
Scott Bessent advocates for the Federal Reserve to cut interest rates by at least 150-175 basis points, suggesting a series of rate cuts could begin with a 50 basis point reduction in September, based on economic data and models. He also discusses potential candidates to succeed Jerome Powell as Fed Chair.
- Bessent Says Fed Rates Should Likely Be 150, 175 Basis Points Lower Bloomberg.com
- US treasury secretary Scott Bessent calls for half-point interest rate cut at next Fed meeting – business live The Guardian
- BlackRock’s Rick Rieder says CPI gives Fed justification for a half-point cut in September CNBC
- Markets have convinced themselves they’ll get a September interest rate cut—now they’re eyeing a double reduction Fortune
- Bessent Sees 'Very Good Chance' of Jumbo Rate Cut in September The Wall Street Journal
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