2024

Thomas

Squawk

Bold

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>Wharton’s Jeremy Siegel calls for a 75 basis point emergency cut to the Federal Reserve’s interest rates.</strong></li> 
 <li><strong>Siegel recommends a second 75 basis point cut at the Fed’s September meeting to stimulate growth.</strong></li> 
 <li><strong>Former Kansas City Fed President Thomas Hoenig suggests CPI data could justify an interim rate cut.</strong></li> 
</ul>   
<p>Wharton School Professor Jeremy Siegel has made a bold call for substantial cuts to the Federal Reserve’s interest rates. Siegel suggests an emergency cut of 75 basis points in the <a href="https://coinedition.com/can-fed-rate-cuts-save-crypto-market-meltdown/">Fed funds rate</a>, followed by another 75 basis point cut at the September meeting.</p>   
<p>He believes these aggressive cuts are essential to stabilize the economy and promote growth. His proposal highlights the urgency of the current economic situation and the need for decisive action.</p>   
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   <p lang="en" dir="ltr">"I'm calling for a 75 basis point emergency cut in the Fed funds rate, with another 75 basis point cut indicated for next month at the September meeting – and that's minimum," says Wharton's Jeremy Siegel: <a href="https://t.co/s4CgWx962Q" target="_blank" rel="nofollow">pic.twitter.com/s4CgWx962Q</a></p>— Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1820420112895074315?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 5, 2024</a>
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<p>Siegel’s proposal comes as the economy faces heightened uncertainty. Many economic indicators suggest potential slowd…</p>
<p>The post <a href="https://coinedition.com/wharton-profs-bold-call-1-5-fed-rate-cuts-needed-now/">Wharton Prof’s Bold Call: 1.5% Fed Rate Cuts Needed Now</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Wharton Prof’s Bold Call: 1.5% Fed Rate Cuts Needed Now

Coin Edition

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