Seema Shah, chief global strategist at Principal Asset Management, said that while the case for easing has strengthened, there is currently little economic justification to implement a 50 basis point rate cut equivalent to an emergency level. If the Fed chooses to do so, markets could interpret it as politically driven rather than data-based decisions. This could push up inflation expectations and term premiums, sending long-term yields higher, undermining conditions that have been supporting ri...