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>   
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure>   
<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

Other articles published on Aug 5, 2024

Blast Stablecoin USDB Depegged by Over 5% Amid Market Crash

Notcoin and MoonBag: Best Crypto Presale Projects of 2024 You Can't Miss

Jump Trading Causes Major Market Shifts with Ethereum and Solana Sales

Top 5 trading platforms down, $2 trillion wiped out of trading in the first hour

Mutiny Wallet to Shutter Operations by Year End

US senators urge CFTC to finalize ban on election betting

Join our free newsletter for daily crypto updates!