News list for " intensifying"

The weak July non-farm payrolls report has heightened market concerns that the Federal Reserve is cutting interest rates too late, but policymakers are unlikely to cut rates by 50 basis points in September, as a very large cut could be seen as a warning sign. Goolsbee, president of the Chicago Fed, said "we don't want to overreact to any one month's data". In addition, many economists who closely follow the Fed immediately refuted the idea of a 50 basis point cut. Gregory Da, chief economist at ...

2024-08-02 19:59:00