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 What Is the FED Hiding? READ MORE BloxCross CEO Keith Bliss Favors Copper in Commodities Showdown READ MORE Decoding the Drivers Behind Bullion's Sudden Ascent READ MORE 2024 U.S. Election: A Turning Point for Gold and Other Key Commodities READ MORE Supreme Court Boosts Dollar Outlook with Trump Immunity Ruling READ MORE Add a Comment Cancel replyYour email address will not be published.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