-
Jumbo 50 basis points Fed rate cut should not raise alarm, analyst says
The U.S. Federal Reserve can afford to make a jumbo 50 basis point rate cut next week without spooking markets, an analyst has suggested, as opinion on the central bank’s forthcoming meeting remains hotly divided. Michael Yoshikami, CEO of Destination Wealth Management, said Monday that a bigger cut would demonstrate that the central bank is ready to act without signaling deeper concerns of a broader downturn. “I would not be surprised if they jumped all the way to 50 basis points,” Yoshikami told CNBC’s “Squawk Box Europe.” “That would be considered, on one hand, a very positive sign the Fed is doing ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 9, 2024 11:09am Sep 9, 2024 11:09am
- Momofrmnyc
- | Joined May 2019 | Status: Rolling in the Pippppssss! | 960 Comments
The solution is (x).
- Comment #2
- Quote
- Sep 9, 2024 2:09pm Sep 9, 2024 2:09pm
- Eurorally
- | Joined Apr 2023 | Status: Member | 95 Comments
- Comment #3
- Quote
- Sep 9, 2024 8:12pm Sep 9, 2024 8:12pm
- Guest
- | IP XXX.XXX.199.38