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 S&P 500 Nears Record High, Metals Shine Amid Dollar Dip READ MORE China's Gold Dilemma: Rising Prices and Falling Jewelry Demand READ MORE Paul Tudor Jones Sounds Alarm on U.S. Debt Crisis READ MORE Copper Prices Stabilize After Sharp Decline Amid Inflation Concerns READ MORE BofA Sees 75 bps Q4 Cut as Fed Signals Easing Cycle READ MORE Add a Comment Cancel replyYour email address will not be published.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