Fed's Harker Leans Towards Modest 25bp Rate Cut to Start Easing Cycle Federal Reserve officials are signaling a likely interest rate cut in September, with Philadelphia Fed President Patrick Harker suggesting a 25 basis point reduction as a sensible starting point. This comes after Fed Chair Jerome Powell’s remarks at Jackson Hole, indicating that “the time has come for policy to adjust.” While open to larger cuts if economic conditions warrant, Harker and other officials, including former Cleveland Fed President Loretta Mester, favor a measured approach. The market is increasingly pricing in the possibility of a more significant 50 basis point cut, though Fed officials seem inclined towards a more cautious initial move. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts My First Ever Client Purchased $1/2 Million Gold & Silver in 2005 READ MORE US Inflation Hits 12-Month Low, Sparking Hope for Economic Relief READ MORE Yellen says U.S. Economic Performance 'Vindicates' Heavy COVID-Era Spending READ MORE Global Business Grinds to Halt as CrowdStrike Update Triggers Massive IT Meltdown READ MORE Poorer Americans Bear the Brunt of High Interest Rates READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment